Brokers Issue Forecasts for Horizon North Logistics Inc’s FY2020 Earnings (HNL)

Horizon North Logistics Inc (TSE:HNL) – Stock analysts at National Bank Financial dropped their FY2020 earnings per share estimates for shares of Horizon North Logistics in a research report issued to clients and investors on Tuesday, December 4th. National Bank Financial analyst G. Colman now forecasts that the company will post earnings per share of $0.12 for the year, down from their previous estimate of $0.17. National Bank Financial currently has a “Outperform” rating and a $3.20 target price on the stock.

Several other equities research analysts also recently weighed in on the stock. Raymond James upgraded shares of Horizon North Logistics from an “underperform” rating to a “market perform” rating and raised their target price for the company from C$2.00 to C$2.50 in a research note on Wednesday, October 31st. AltaCorp Capital restated an “outperform” rating on shares of Horizon North Logistics in a research note on Thursday, September 27th. Finally, TD Securities raised their target price on shares of Horizon North Logistics from C$3.50 to C$3.75 and gave the company a “buy” rating in a research note on Friday, November 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Horizon North Logistics has a consensus rating of “Buy” and an average price target of C$2.99.

TSE HNL opened at C$1.69 on Thursday. The company has a quick ratio of 1.80, a current ratio of 2.07 and a debt-to-equity ratio of 7.38. Horizon North Logistics has a 52-week low of C$1.43 and a 52-week high of C$3.27.

In other Horizon North Logistics news, Director Russell Newmark sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of C$3.20, for a total value of C$160,000.00.

Horizon North Logistics Company Profile

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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Earnings History and Estimates for Horizon North Logistics (TSE:HNL)

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