Horizon North Logistics (TSE:HNL) had its target price upped by National Bank Financial from C$2.40 to C$2.75 in a report released on Tuesday, April 10th. The brokerage currently has an outperform rating on the stock. National Bank Financial also issued estimates for Horizon North Logistics’ Q2 2018 earnings at ($0.03) EPS, Q3 2018 earnings at $0.02 EPS, FY2018 earnings at ($0.01) EPS and FY2019 earnings at $0.09 EPS.
A number of other analysts have also weighed in on HNL. Scotiabank set a C$1.50 price objective on Horizon North Logistics and gave the company an underperform rating in a research note on Tuesday, January 9th. Raymond James Financial lowered Horizon North Logistics from an outperform rating to a market perform rating and dropped their price target for the stock from C$2.15 to C$1.60 in a research note on Tuesday, January 9th. Finally, Clarus Securities reaffirmed a buy rating on shares of Horizon North Logistics in a research note on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of C$2.49.
Shares of TSE:HNL traded up C$0.02 during trading on Tuesday, reaching C$2.39. 90,133 shares of the company traded hands, compared to its average volume of 383,610. 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 released its quarterly earnings data on Tuesday, March 13th. The company reported C($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of C($0.03). The firm had revenue of C$82.66 million during 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 firm also recently declared a quarterly dividend, which was paid on Thursday, April 12th. Investors of record on Saturday, March 31st were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Wednesday, March 28th.
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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.
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