Héroux-Devtek (TSE:HRX) Price Target Raised to C$22.50

Héroux-Devtek (TSE:HRX) had its price objective boosted by Scotiabank from C$21.00 to C$22.50 in a research note published on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently commented on the company. TD Securities raised Héroux-Devtek from a hold rating to a buy rating and upped their price target for the company from C$19.00 to C$23.00 in a research report on Thursday, February 8th. National Bankshares upped their price target on Héroux-Devtek from C$19.00 to C$23.00 and gave the company an outperform rating in a research report on Thursday, February 8th. Finally, Desjardins upped their price target on Héroux-Devtek from C$21.00 to C$26.00 and gave the company a buy rating in a research report on Thursday, February 8th.

Héroux-Devtek Stock Down 0.8 %

HRX stock opened at C$19.29 on Wednesday. The stock’s fifty day simple moving average is C$18.17 and its two-hundred day simple moving average is C$16.38. The company has a current ratio of 2.19, a quick ratio of 0.96 and a debt-to-equity ratio of 54.60. Héroux-Devtek has a 1-year low of C$12.52 and a 1-year high of C$19.45. The stock has a market cap of C$649.11 million, a P/E ratio of 27.56, a P/E/G ratio of 1.02 and a beta of 1.63.

Héroux-Devtek (TSE:HRX) last posted its quarterly earnings data on Wednesday, February 7th. The company reported C$0.27 earnings per share for the quarter, topping the consensus estimate of C$0.17 by C$0.10. Héroux-Devtek had a return on equity of 6.05% and a net margin of 3.97%. The business had revenue of C$163.52 million for the quarter, compared to analysts’ expectations of C$148.55 million. 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.