Héroux-Devtek (TSE:HRX) Price Target Increased to C$19.50 by Analysts at Scotiabank

Héroux-Devtek (TSE:HRXFree Report) had its price target raised by Scotiabank from C$18.50 to C$19.50 in a research report released on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, National Bankshares cut their price objective on shares of Héroux-Devtek from C$20.00 to C$19.00 and set an outperform rating for the company in a research report on Monday, November 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Héroux-Devtek currently has a consensus rating of Moderate Buy and an average target price of C$19.10.

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Héroux-Devtek Stock Performance

HRX traded up C$0.25 during mid-day trading on Monday, reaching C$15.41. 12,695 shares of the company traded hands, compared to its average volume of 10,462. The stock has a market capitalization of C$518.55 million, a P/E ratio of 31.58, a P/E/G ratio of 1.02 and a beta of 1.56. The company has a quick ratio of 0.96, a current ratio of 2.15 and a debt-to-equity ratio of 54.51. The company’s fifty day moving average price is C$15.40 and its 200-day moving average price is C$15.52. Héroux-Devtek has a 52-week low of C$12.52 and a 52-week high of C$16.61.

Héroux-Devtek (TSE:HRXGet Free Report) last announced its earnings results on Friday, November 10th. The company reported C$0.14 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.02. The business had revenue of C$141.50 million during the quarter, compared to analyst estimates of C$138.50 million. Héroux-Devtek had a net margin of 2.88% and a return on equity of 4.45%. On average, sell-side analysts expect that Héroux-Devtek will post 1.0099602 EPS for the current year.

Héroux-Devtek Company Profile

(Get Free Report)

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.

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