Heroux Devtek (TSE:HRX)‘s stock had its “market perform” rating reissued by equities research analysts at Raymond James in a research report issued on Tuesday, BayStreet.CA reports. They presently have a C$19.50 target price on the stock. Raymond James’ target price would indicate a potential upside of 2.79% from the company’s previous close. Raymond James also issued estimates for Heroux Devtek’s Q3 2020 earnings at $0.24 EPS, Q4 2020 earnings at $0.29 EPS, FY2020 earnings at $0.90 EPS and FY2021 earnings at $1.05 EPS.

Other research analysts have also issued research reports about the company. TD Securities increased their price target on Heroux Devtek from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Royal Bank of Canada increased their price target on Heroux Devtek from C$21.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. National Bank Financial increased their price target on Heroux Devtek from C$20.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Laurentian reduced their price target on Heroux Devtek from C$18.50 to C$13.00 in a research note on Monday, August 12th. Finally, Desjardins increased their price target on Heroux Devtek from C$23.00 to C$24.00 in a research note on Monday, August 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$21.08.

Shares of Heroux Devtek stock traded down C$0.26 during trading hours on Tuesday, reaching C$18.97. 15,783 shares of the company’s stock were exchanged, compared to its average volume of 32,020. Heroux Devtek has a 52-week low of C$11.05 and a 52-week high of C$20.30. The firm has a market capitalization of $671.61 million and a price-to-earnings ratio of 21.17. The company has a fifty day moving average of C$17.04 and a 200-day moving average of C$17.55. The company has a current ratio of 2.03, a quick ratio of 0.76 and a debt-to-equity ratio of 75.36.

About Heroux Devtek

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.

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Analyst Recommendations for Heroux Devtek (TSE:HRX)

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