Horizon North Logistics (HNL) Hits New 1-Year High at $2.43

Shares of Horizon North Logistics Inc. (TSE:HNL) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2.43 and last traded at C$2.36, with a volume of 100265 shares trading hands. The stock had previously closed at C$2.42.

A number of equities analysts have recently weighed in on HNL shares. Raymond James Financial cut Horizon North Logistics from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$2.15 to C$1.60 in a report on Tuesday, January 9th. National Bank Financial increased their price target on Horizon North Logistics from C$1.90 to C$2.40 and gave the stock an “outperform” rating in a report on Wednesday, March 14th. Scotiabank set a C$1.50 price target on Horizon North Logistics and gave the stock an “underperform” rating in a report on Tuesday, January 9th. Clarus Securities reiterated a “buy” rating on shares of Horizon North Logistics in a report on Thursday, March 15th. Finally, TD Securities increased their price target on Horizon North Logistics from C$3.00 to C$3.25 and gave the stock a “buy” rating in a report on Tuesday, April 10th. One 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 price target of C$2.49.

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Horizon North Logistics (TSE:HNL) last released its quarterly earnings results on Tuesday, March 13th. The company reported C($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of C($0.03). The business had revenue of C$82.66 million during the quarter, compared to analysts’ expectations 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. Stockholders of record on Saturday, March 31st were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.38%. 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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