Horizon North Logistics (HNL) Trading Up 5.3%

Horizon North Logistics Inc (TSE:HNL) shares were up 5.3% during mid-day trading on Wednesday . The stock traded as high as C$2.40 and last traded at C$2.40. Approximately 175,266 shares were traded during trading, a decline of 20% from the average daily volume of 218,229 shares. The stock had previously closed at C$2.28.

Several research analysts recently issued reports on HNL shares. TD Securities upped their price target on shares of Horizon North Logistics from C$2.75 to C$3.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. GMP Securities reiterated a “buy” rating and set a C$2.50 price target on shares of Horizon North Logistics in a research report on Tuesday, January 8th. Raymond James reiterated an “outperform” rating and set a C$2.50 price target on shares of Horizon North Logistics in a research report on Wednesday, March 13th. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Horizon North Logistics in a research report on Wednesday, March 13th. Five equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of C$2.89.

The company has a current ratio of 2.15, a quick ratio of 1.91 and a debt-to-equity ratio of 9.40. The stock has a market cap of $376.31 million and a PE ratio of -45.28.

Horizon North Logistics (TSE:HNL) last released its earnings results on Tuesday, March 12th. The company reported C$0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.01. The business had revenue of C$118.05 million for the quarter, compared to analyst estimates of C$107.29 million. On average, equities research analysts forecast that Horizon North Logistics Inc will post 0.119999991192661 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.08 dividend on an annualized basis and a yield of 3.38%. Horizon North Logistics’s payout ratio is presently -150.94%.

In other Horizon North Logistics news, Director Russell Newmark bought 15,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were bought at an average cost of C$1.88 per share, for a total transaction of C$28,200.00. Following the transaction, the director now owns 855,353 shares in the company, valued at approximately C$1,608,063.64.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://www.baseballdailydigest.com/news/2019/04/24/horizon-north-logistics-hnl-trading-up-5-3.html.

Horizon North Logistics Company Profile (TSE:HNL)

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.

Featured Story: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Receive News & Ratings for Horizon North Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon North Logistics and related companies with MarketBeat.com's FREE daily email newsletter.