Brokerages Set Horizon North Logistics Inc (HNL) Price Target at $2.91

Shares of Horizon North Logistics Inc (TSE:HNL) have received an average recommendation of “Buy” from the eight research firms that are covering the stock, reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$2.91.

A number of analysts have commented on HNL shares. Raymond James raised shares of Horizon North Logistics from an “underperform” rating to a “market perform” rating and upped their price objective for the company from C$2.00 to C$2.50 in a research note on Wednesday, October 31st. TD Securities upped their target price on Horizon North Logistics from C$3.50 to C$3.75 and gave the company a “buy” rating in a report on Friday, November 2nd. National Bank Financial dropped their target price on Horizon North Logistics from C$3.80 to C$3.20 and set an “outperform” rating on the stock in a report on Tuesday, December 4th. Finally, GMP Securities reiterated a “buy” rating and issued a C$2.50 target price on shares of Horizon North Logistics in a report on Tuesday, January 8th.

In other Horizon North Logistics news, Director Dale E. Tremblay sold 58,900 shares of the stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of C$1.60, for a total transaction of C$94,240.00.

HNL stock traded down C$0.01 during mid-day trading on Monday, reaching C$1.85. 265,380 shares of the stock traded hands, compared to its average volume of 266,963. The company has a current ratio of 2.07, a quick ratio of 1.80 and a debt-to-equity ratio of 7.38. Horizon North Logistics has a 52-week low of C$1.48 and a 52-week high of C$3.27. The firm has a market capitalization of $305.54 million and a PE ratio of -20.56.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Tuesday, January 15th were issued a dividend of $0.02 per share. The ex-dividend date was Friday, December 28th. This represents a $0.08 annualized dividend and a yield of 4.32%. 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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