Scotiabank Reiterates Their Buy Rating on Horizon North Logistics Inc (HNL)


Shares of Horizon North Logistics Inc (HNL) were revisited by a Wall Street analyst today. Analyst Vladislav Vlad from Scotiabank rated Horizon North Logistics Inc (HNL) a Buy, setting a C$3.50 price target.

According to TipRanks.com, Vlad is ranked #4512 out of 5194 analysts.

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Currently, the analyst consensus on Horizon North Logistics Inc is a Strong Buy with an average price target of C$3.16, a 32.2% upside from current levels. In a report released today, Raymond James also maintained a Buy rating on the stock with a C$2.50 price target.

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Based on Horizon North Logistics Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$1.41 million. In comparison, last year the company had a GAAP net loss of C$6.06 million.

Horizon North Logistics, Inc. engages in the provision of industrial, commercial, and residential products and services. It operates through the Industrial Services, and Camps and Catering business segments.

The company’s shares closed on Friday at C$2.39.

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