Horizon North Logistics Inc (HNL) Receives Consensus Recommendation of “Buy” from Analysts

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Shares of Horizon North Logistics Inc (TSE:HNL) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$2.95.

HNL has been the topic of a number of analyst reports. TD Securities raised their price objective on shares of Horizon North Logistics from C$3.25 to C$3.75 in a report on Friday, June 29th. National Bank Financial reiterated an “outperform” rating and set a C$3.50 price target on shares of Horizon North Logistics in a research note on Thursday, June 28th. Raymond James lifted their price target on shares of Horizon North Logistics from C$1.70 to C$2.00 and gave the stock an “underperform” rating in a research note on Friday, June 29th. Finally, Cormark lifted their price target on shares of Horizon North Logistics from C$2.80 to C$3.25 in a research note on Thursday, June 28th.

Shares of HNL opened at C$2.40 on Friday. Horizon North Logistics has a twelve month low of C$1.26 and a twelve month high of C$3.02.

Horizon North Logistics (TSE:HNL) last announced its quarterly earnings data on Thursday, August 2nd. The company reported C($0.02) earnings per share for the quarter, meeting the Zacks’ consensus estimate of C($0.02). Horizon North Logistics had a negative net margin of 7.76% and a negative return on equity of 7.80%. The business had revenue of C$93.60 million for the quarter, compared to analyst estimates of C$88.00 million.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Sunday, September 30th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.08 annualized dividend and a yield of 3.33%.

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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Analyst Recommendations for Horizon North Logistics (TSE:HNL)

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