Raymond James Financial Inc. upgraded shares of Heroux-Devtek Inc. (TSE:HRX) from a market perform rating to an outperform rating in a research note published on Friday morning.

A number of other brokerages have also weighed in on HRX. TD Securities restated a hold rating and set a C$17.00 target price on shares of Heroux-Devtek in a research report on Monday, August 8th. Scotiabank restated an outperform rating and set a C$18.00 target price on shares of Heroux-Devtek in a research report on Friday, August 5th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of C$16.95.

Heroux-Devtek (TSE:HRX) traded up 2.01% during trading on Friday, hitting $13.72. 10,275 shares of the company’s stock were exchanged. Heroux-Devtek has a 52-week low of $11.70 and a 52-week high of $16.00. The company has a market cap of $494.59 million and a price-to-earnings ratio of 18.29. The firm has a 50 day moving average price of $13.73 and a 200 day moving average price of $14.53.

Heroux-Devtek Company Profile

Heroux-Devtek Inc specializes in the design, development, manufacture and repair, and overhaul of landing gear and actuation systems and components for the aerospace market. The Company also manufactures electronic enclosures, heat exchangers and cabinets for airborne radar, electro-optic systems and aircraft controls through its Magtron operations, as well as fluid filters products through its Bolton operations.

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