FY2017 Earnings Estimate for Horizon North Logistics Inc. Issued By Clarus Securities (HNL)
Horizon North Logistics Inc. (TSE:HNL) – Equities research analysts at Clarus Securities cut their FY2017 earnings per share estimates for shares of Horizon North Logistics in a research note issued on Thursday. Clarus Securities analyst S. Kammermayer now forecasts that the company will post earnings per share of ($0.03) for the year, down from their prior forecast of ($0.02).
Several other research firms have also commented on HNL. Beacon Securities reiterated a “buy” rating on shares of Horizon North Logistics in a research report on Wednesday, September 13th. National Bank Financial increased their price target on shares of Horizon North Logistics from C$2.20 to C$2.40 and gave the company an “outperform” rating in a research report on Thursday, October 5th. Finally, Raymond James Financial, Inc. increased their price target on shares of Horizon North Logistics from C$1.75 to C$2.00 in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$2.33.
Horizon North Logistics (HNL) opened at 1.64 on Monday. Horizon North Logistics has a one year low of $1.16 and a one year high of $2.35. The stock’s 50 day moving average price is $1.50 and its 200 day moving average price is $1.43. The firm’s market capitalization is $237.22 million.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were given a $0.02 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.08 annualized dividend and a dividend yield of 4.88%.
About Horizon North Logistics
Horizon North Logistics Inc (Horizon North) is a Canada-based is a remote resource development service company. The Company provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.
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