Héroux-Devtek (TSE:HRX) Price Target Raised to C$25.00

Héroux-Devtek (TSE:HRX) had its price objective increased by National Bankshares from C$23.00 to C$25.00 in a research report released on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently commented on HRX. Scotiabank boosted their price target on shares of Héroux-Devtek from C$21.00 to C$22.50 and gave the stock an outperform rating in a research report on Wednesday, April 10th. Desjardins lifted their price target on Héroux-Devtek from C$21.00 to C$26.00 and gave the stock a buy rating in a research note on Thursday, February 8th. Finally, TD Securities raised Héroux-Devtek from a hold rating to a buy rating and lifted their price target for the stock from C$19.00 to C$23.00 in a research note on Thursday, February 8th.

Héroux-Devtek Price Performance

Shares of TSE HRX opened at C$20.10 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 2.19 and a debt-to-equity ratio of 54.60. The firm’s 50-day simple moving average is C$18.41 and its 200 day simple moving average is C$16.45. Héroux-Devtek has a fifty-two week low of C$12.52 and a fifty-two week high of C$20.10. The stock has a market cap of C$676.37 million, a P/E ratio of 28.56, a P/E/G ratio of 1.02 and a beta of 1.63.

Héroux-Devtek (TSE:HRX) last issued its quarterly earnings results on Wednesday, February 7th. The company reported C$0.27 EPS for the quarter, topping the consensus estimate of C$0.17 by C$0.10. Héroux-Devtek had a net margin of 3.97% and a return on equity of 6.05%. The firm had revenue of C$163.52 million for the quarter, compared to analysts’ expectations of C$148.55 million. Equities analysts expect that Héroux-Devtek will post 1.0745934 EPS for the current year.

About Héroux-Devtek

Héroux-Devtek Inc engages in the design, development, manufacture, finishing, assembling, and repair and overhaul of aircraft landing gears, hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. The company serves commercial and defence sectors of the aerospace market.