Heroux Devtek (TSE:HRX) had its price target raised by National Bank Financial from C$20.00 to C$23.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Other equities research analysts also recently issued research reports about the company. TD Securities upped their price target on Heroux Devtek from C$19.50 to C$22.00 and gave the stock a buy rating in a report on Friday, May 24th. Royal Bank of Canada increased their price objective on Heroux Devtek from C$21.00 to C$24.00 and gave the company an outperform rating in a report on Monday. Desjardins increased their price objective on Heroux Devtek from C$23.00 to C$24.00 in a report on Monday. Laurentian dropped their price objective on Heroux Devtek from C$18.50 to C$13.00 in a report on Monday. Finally, Raymond James set a C$19.50 price objective on Heroux Devtek and gave the company an outperform rating in a report on Thursday, June 20th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Heroux Devtek has a consensus rating of Buy and a consensus target price of C$21.33.
Shares of TSE HRX opened at C$17.80 on Monday. The stock’s 50-day moving average is C$19.47 and its two-hundred day moving average is C$16.89. The company has a debt-to-equity ratio of 64.42, a current ratio of 1.95 and a quick ratio of 0.93. Heroux Devtek has a 1-year low of C$11.05 and a 1-year high of C$20.30. The company has a market cap of $710.88 million and a price-to-earnings ratio of 24.45.
Heroux Devtek (TSE:HRX) last issued its quarterly earnings results on Thursday, May 23rd. The company reported C$0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.23 by C$0.13. The company had revenue of C$157.91 million for the quarter, compared to analysts’ expectations of C$146.50 million. Equities research analysts anticipate that Heroux Devtek will post 1.1799999 earnings per share for the current fiscal year.
In other news, Senior Officer Jean Gravel sold 3,300 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of C$16.86, for a total value of C$55,638.00. Following the transaction, the insider now owns 42,921 shares in the company, valued at approximately C$723,648.06.
About Heroux Devtek
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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