Héroux-Devtek (TSE:HRX) Sets New 1-Year High – Time to Buy?

Héroux-Devtek Inc. (TSE:HRX)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$32.17 and last traded at C$32.14, with a volume of 8044 shares. The stock had previously closed at C$32.15.

Analysts Set New Price Targets

Separately, TD Securities downgraded shares of Héroux-Devtek from a “buy” rating to a “sell” rating and raised their price target for the stock from C$28.00 to C$32.50 in a research note on Friday, July 12th.

Héroux-Devtek Stock Up 0.1 %

The firm’s fifty day simple moving average is C$31.70 and its two-hundred day simple moving average is C$26.95. The company has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 1.02 and a beta of 1.72. The company has a current ratio of 2.14, a quick ratio of 0.96 and a debt-to-equity ratio of 48.49.

Héroux-Devtek (TSE:HRX) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$0.39 EPS for the quarter, beating analysts’ consensus estimates of C$0.26 by C$0.13. The firm had revenue of C$174.00 million for the quarter, compared to analysts’ expectations of C$159.00 million. Héroux-Devtek had a return on equity of 11.18% and a net margin of 7.07%. Sell-side analysts anticipate that Héroux-Devtek Inc. will post 1.640041 EPS for the current year.

Héroux-Devtek Company Profile

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.