Heroux Devtek Inc (TSE:HRX) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$17.99 and last traded at C$17.70, with a volume of 16255 shares trading hands. The stock had previously closed at C$17.50.

A number of research analysts have commented on the stock. National Bank Financial lifted their price objective on shares of Heroux Devtek from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Desjardins lifted their price objective on shares of Heroux Devtek from C$21.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Royal Bank of Canada lifted their price objective on shares of Heroux Devtek from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research note on Monday, May 27th. TD Securities lifted their price objective on shares of Heroux Devtek from C$19.50 to C$22.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, Raymond James lifted their price objective on shares of Heroux Devtek from C$17.00 to C$19.50 and gave the company an “outperform” rating in a research note on Friday, May 24th. Five analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of C$21.10.

The company has a debt-to-equity ratio of 64.42, a quick ratio of 0.93 and a current ratio of 1.95. The company has a market cap of $643.61 million and a P/E ratio of 24.52.

Heroux Devtek (TSE:HRX) last posted its quarterly earnings data on Thursday, May 23rd. The company reported C$0.36 EPS for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.13. The business had revenue of C$157.91 million during the quarter, compared to analyst estimates of C$146.50 million. On average, research analysts forecast that Heroux Devtek Inc will post 0.9732605 EPS for the current fiscal year.

In other news, Senior Officer Jean Gravel sold 3,300 shares of Heroux Devtek stock in a transaction dated Friday, May 31st. The shares were sold at an average price of C$16.86, for a total value of C$55,638.00. Following the sale, the insider now owns 42,921 shares of the company’s stock, valued at C$723,648.06.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2019/06/13/heroux-devtek-tsehrx-sets-new-52-week-high-at-17-99.html.

About Heroux Devtek (TSE:HRX)

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.

Featured Story: Understanding Specialty Certificates of Deposit

Receive News & Ratings for Heroux Devtek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heroux Devtek and related companies with MarketBeat.com's FREE daily email newsletter.