Horizon North Logistics (HNL) Price Target Raised to C$3.00

Horizon North Logistics (TSE:HNL) had its price objective boosted by TD Securities from C$2.75 to C$3.00 in a research report sent to investors on Wednesday morning. They currently have a buy rating on the stock.

A number of other research analysts have also recently commented on HNL. National Bank Financial reduced their target price on shares of Horizon North Logistics from C$3.80 to C$3.20 and set an outperform rating on the stock in a research report on Tuesday, December 4th. Raymond James restated an outperform rating and issued a C$2.50 price target on shares of Horizon North Logistics in a research note on Friday, December 14th. Finally, GMP Securities restated a buy rating and issued a C$2.50 price target on shares of Horizon North Logistics in a research note on Tuesday, January 8th. Five equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and an average price target of C$2.89.

TSE HNL opened at C$1.91 on Wednesday. Horizon North Logistics has a 52 week low of C$1.48 and a 52 week high of C$3.27. The company has a debt-to-equity ratio of 7.38, a quick ratio of 1.80 and a current ratio of 2.07. The firm has a market cap of $310.47 million and a PE ratio of -21.22.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be paid a $0.02 dividend. The ex-dividend date is Thursday, March 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.19%. Horizon North Logistics’s dividend payout ratio (DPR) is presently -88.89%.

About Horizon North Logistics

Horizon North Logistics Inc provides industrial, commercial, and residential products and services in Canada and the United States. The company's Industrial Services division supplies workforce accommodations, camp management services, access solutions, relocatable structures, and maintenance and utilities services.

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Analyst Recommendations for Horizon North Logistics (TSE:HNL)

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