Heroux Devtek (HRX) Sets New 12-Month High at $16.75

Heroux Devtek Inc (TSE:HRX) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$16.75 and last traded at C$16.62, with a volume of 13129 shares changing hands. The stock had previously closed at C$15.98.

Several equities research analysts have recently weighed in on the stock. Raymond James upped their price target on shares of Heroux Devtek from C$17.00 to C$19.50 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Royal Bank of Canada upped their price target on shares of Heroux Devtek from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Friday, February 8th. TD Securities upped their price target on shares of Heroux Devtek from C$17.50 to C$19.50 and gave the stock a “buy” rating in a research report on Friday, February 8th. Desjardins upped their price target on shares of Heroux Devtek from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Finally, National Bank Financial upped their price target on shares of Heroux Devtek from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Five research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of C$21.10.

The company has a debt-to-equity ratio of 73.44, a quick ratio of 0.91 and a current ratio of 2.21. The stock has a market cap of $573.16 million and a P/E ratio of 30.73.

Heroux Devtek (TSE:HRX) last posted its earnings results on Thursday, May 23rd. The company reported C$0.36 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.23 by C$0.13. The firm had revenue of C$157.91 million for the quarter, compared to analysts’ expectations of C$146.50 million. On average, analysts anticipate that Heroux Devtek Inc will post 0.970000012729659 earnings per share for the current fiscal year.

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Heroux Devtek Company Profile (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.

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