TD Securities Increases Heroux Devtek (HRX) Price Target to C$19.50

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Heroux Devtek (TSE:HRX) had its price objective boosted by TD Securities from C$17.50 to C$19.50 in a report issued on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 39.58% from the company’s previous close.

Other analysts have also issued reports about the stock. Royal Bank of Canada boosted their price objective on shares of Heroux Devtek from C$19.00 to C$20.00 in a report on Friday. Raymond James upgraded shares of Heroux Devtek from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from C$17.00 to C$16.50 in a report on Tuesday, November 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$18.75.

Shares of TSE HRX traded down C$0.01 during trading on Friday, hitting C$13.97. 68,325 shares of the company were exchanged, compared to its average volume of 30,874. Heroux Devtek has a 12-month low of C$11.05 and a 12-month high of C$16.75. The company has a quick ratio of 2.52, a current ratio of 4.08 and a debt-to-equity ratio of 65.42. The firm has a market cap of $461.17 million and a PE ratio of 37.96.

Heroux Devtek (TSE:HRX) last posted its quarterly earnings results on Thursday, February 7th. The company reported C$0.26 EPS for the quarter, topping the consensus estimate of C$0.13 by C$0.13. The company had revenue of C$144.53 million for the quarter, compared to analysts’ expectations of C$133.50 million. Research analysts expect that Heroux Devtek will post 0.880000035250359 EPS for the current year.

Heroux Devtek Company Profile

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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