Heroux Devtek Inc (TSE:HRX) had its target price increased by analysts at Raymond James Financial, Inc. from C$13.00 to C$13.25 in a research note issued to investors on Friday, StockTargetPrices.com reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial, Inc.’s target price would indicate a potential upside of 0.45% from the company’s current price.

Several other brokerages have also commented on HRX. Scotiabank reaffirmed an “outperform” rating and issued a C$16.50 price objective on shares of Heroux Devtek in a report on Wednesday, March 22nd. TD Securities cut their price objective on Heroux Devtek from C$14.50 to C$13.50 and set a “hold” rating for the company in a report on Tuesday, March 28th. National Bank Financial cut their price objective on Heroux Devtek from C$17.00 to C$16.00 in a report on Wednesday, February 8th. Finally, Desjardins lowered Heroux Devtek from a “top pick” rating to a “hold” rating and set a C$16.00 price objective for the company. in a report on Wednesday, February 8th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$14.55.

Shares of Heroux Devtek (TSE:HRX) traded up 0.30% on Friday, hitting $13.19. The stock had a trading volume of 17,321 shares. Heroux Devtek has a 12 month low of $11.06 and a 12 month high of $16.05. The stock has a 50 day moving average of $12.27 and a 200-day moving average of $13.61. The stock has a market cap of $476.17 million and a PE ratio of 14.99.

Heroux Devtek (TSE:HRX) last posted its earnings results on Thursday, May 25th. The company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.03. The business had revenue of $120.89 million during the quarter, compared to the consensus estimate of $121.50 million. Equities research analysts anticipate that Heroux Devtek will post $0.71 EPS for the current year.

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Heroux Devtek Company Profile

Heroux Devtek Inc is a Canada-based company engaged in the design, development, manufacture, repair and overhaul of landing gear and actuation systems and components for the aerospace market. It manufactures electronic enclosures, heat exchangers and cabinets for airborne radar, electro-optic systems and aircraft controls through its Magtron operations, as well as fluid filters products through its Bolton operations.

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