Horizon North Logistics (HNL) Reaches New 1-Year High at $2.07

Shares of Horizon North Logistics Inc. (TSE:HNL) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$2.07 and last traded at C$2.07, with a volume of 104838 shares trading hands. The stock had previously closed at C$2.03.

Several analysts have commented on the company. Scotiabank upgraded Horizon North Logistics from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from C$1.50 to C$2.25 in a report on Thursday, March 15th. Clarus Securities restated a “buy” rating on shares of Horizon North Logistics in a report on Thursday, March 15th. National Bank Financial upped their target price on Horizon North Logistics from C$1.90 to C$2.40 and gave the company an “outperform” rating in a research report on Wednesday, March 14th. Finally, Raymond James Financial lowered Horizon North Logistics from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$2.15 to C$1.60 in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Horizon North Logistics currently has a consensus rating of “Buy” and a consensus price target of C$2.08.

The company has a market capitalization of $273.24, a PE ratio of -26.00 and a beta of 1.31.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Saturday, March 31st will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Wednesday, March 28th. Horizon North Logistics’s dividend payout ratio is presently -100.00%.

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Horizon North Logistics Company Profile

Horizon North Logistics Inc (Horizon North) is a Canada-based is a remote resource development service company. The Company provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.

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