Horizon North Logistics (HNL) Price Target Raised to C$3.25 at TD Securities

Horizon North Logistics (TSE:HNL) had its price target hoisted by TD Securities from C$3.00 to C$3.25 in a research note published on Tuesday morning. They currently have a buy rating on the stock.

Several other analysts have also weighed in on HNL. National Bank Financial decreased their target price on shares of Horizon North Logistics from C$2.40 to C$1.90 and set an outperform rating on the stock in a research report on Monday, December 11th. Scotiabank set a C$1.50 target price on shares of Horizon North Logistics and gave the company an underperform rating in a research report on Tuesday, January 9th. Raymond James Financial lowered shares of Horizon North Logistics from an outperform rating to a market perform rating and decreased their target price for the company from C$2.15 to C$1.60 in a research report on Tuesday, January 9th. Finally, Clarus Securities reiterated a buy rating on shares of Horizon North Logistics in a research report on Thursday, March 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Horizon North Logistics presently has a consensus rating of Buy and a consensus target price of C$2.49.

TSE:HNL opened at C$2.42 on Tuesday. Horizon North Logistics has a 52-week low of C$1.16 and a 52-week high of C$2.43.

Horizon North Logistics (TSE:HNL) last posted its quarterly earnings data on Tuesday, March 13th. The company reported C($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.03). Horizon North Logistics had a negative net margin of 7.76% and a negative return on equity of 7.80%. The company had revenue of C$82.66 million for the quarter, compared to the consensus estimate of C$80.45 million.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 12th. Stockholders of record on Saturday, March 31st were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, March 28th. This represents a $0.08 annualized dividend and a dividend yield of 3.31%.

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About Horizon North Logistics

Horizon North Logistics Inc, a remote resource development service company, provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. It operates through two segments, Camps & Catering, and Rentals & Logistics. The Camps & Catering segment offers workforce accommodation, camp rental, and catering services; and manufactures and sells camps, as well as provides related transportation and installation services.

Analyst Recommendations for Horizon North Logistics (TSE:HNL)

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