Heroux Devtek (TSE:HRX) Share Price Passes Above Two Hundred Day Moving Average of $17.26

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Heroux Devtek Inc (TSE:HRX) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.26 and traded as high as $17.16. Heroux Devtek shares last traded at $16.95, with a volume of 7,000 shares.

HRX has been the topic of a number of research reports. Raymond James lowered shares of Heroux Devtek from an “outperform” rating to a “market perform” rating and raised their target price for the stock from C$19.50 to C$21.00 in a research report on Monday, August 12th. National Bank Financial increased their price target on Heroux Devtek from C$20.00 to C$23.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Royal Bank of Canada increased their price target on Heroux Devtek from C$21.00 to C$24.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Laurentian decreased their price target on Heroux Devtek from C$18.50 to C$13.00 in a report on Monday, August 12th. Finally, TD Securities increased their price target on Heroux Devtek from C$22.00 to C$23.00 and gave the stock a “buy” rating in a report on Monday, August 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$21.33.

The company has a quick ratio of 0.76, a current ratio of 2.03 and a debt-to-equity ratio of 75.36. The company has a fifty day moving average of C$18.14 and a two-hundred day moving average of C$17.26. The stock has a market capitalization of $615.61 million and a price-to-earnings ratio of 20.73.

Heroux Devtek (TSE:HRX) last released its quarterly earnings results on Friday, August 9th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.17 by C$0.02. The firm had revenue of C$143.43 million for the quarter, compared to analyst estimates of C$130.50 million. Equities analysts anticipate that Heroux Devtek Inc will post 1.19 earnings per share for the current fiscal year.

About Heroux Devtek (TSE:HRX)

Héroux-Devtek Inc engages in the design, development, manufacture, integration, testing, and repair and overhaul of aircraft landing gears, hydraulic flight control actuators, and fracture-critical components in Canada, the United States, and the United Kingdom. The company also manufactures and sells hydraulic systems, fluid filtration systems, electronic enclosures, heat exchangers, and cabinets for suppliers of airborne radar, electro-optic systems, and aircraft controls.

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