Héroux-Devtek (TSE:HRX) Price Target Increased to C$25.00 by Analysts at National Bankshares

Héroux-Devtek (TSE:HRX) had its price target increased by National Bankshares from C$23.00 to C$25.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also commented on HRX. Scotiabank lifted their target price on Héroux-Devtek from C$21.00 to C$22.50 and gave the stock an outperform rating in a research report on Wednesday, April 10th. Desjardins raised their price target on Héroux-Devtek from C$21.00 to C$26.00 and gave the stock a buy rating in a report on Thursday, February 8th. Finally, TD Securities raised Héroux-Devtek from a hold rating to a buy rating and raised their price target for the stock from C$19.00 to C$23.00 in a report on Thursday, February 8th.

Héroux-Devtek Price Performance

HRX stock opened at C$20.00 on Tuesday. The company has a debt-to-equity ratio of 54.60, a quick ratio of 0.96 and a current ratio of 2.19. Héroux-Devtek has a 1 year low of C$12.52 and a 1 year high of C$20.10. The firm has a market cap of C$673 million, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63. The stock has a 50-day simple moving average of C$18.47 and a 200-day simple moving average of C$16.47.

Héroux-Devtek (TSE:HRX) last issued its quarterly earnings data on Wednesday, February 7th. The company reported C$0.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of C$163.52 million during the quarter, compared to analyst estimates of C$148.55 million. On average, equities analysts predict that Héroux-Devtek will post 1.0745934 earnings per share for the current fiscal year.

Héroux-Devtek Company Profile

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.