Heroux Devtek Inc (HRX) Receives Average Rating of “Hold” from Brokerages
Shares of Heroux Devtek Inc (TSE:HRX) have received an average recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$14.95.
A number of analysts have issued reports on HRX shares. Scotiabank reaffirmed an “outperform” rating and issued a C$16.50 target price on shares of Heroux Devtek in a research note on Wednesday, March 22nd. TD Securities cut their target price on Heroux Devtek from C$14.50 to C$13.50 and set a “hold” rating for the company in a research note on Tuesday, March 28th. Raymond James Financial, Inc. cut their target price on Heroux Devtek from C$14.50 to C$13.00 and set a “market perform” rating for the company in a research note on Tuesday, March 28th. National Bank Financial downgraded Heroux Devtek from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Monday, March 27th. Finally, Royal Bank Of Canada started coverage on Heroux Devtek in a research note on Thursday. They issued an “outperform” rating and a C$17.00 target price for the company.
Shares of Heroux Devtek (HRX) traded down 0.44% during midday trading on Thursday, reaching $13.67. 5,200 shares of the company traded hands. Heroux Devtek has a 1-year low of $11.06 and a 1-year high of $16.05. The firm has a market capitalization of $493.90 million and a PE ratio of 15.53. The stock has a 50 day moving average price of $12.95 and a 200 day moving average price of $13.42.
Heroux Devtek (TSE:HRX) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $120.89 million during the quarter, compared to analysts’ expectations of $121.50 million. Analysts expect that Heroux Devtek will post $0.70 earnings per share for the current fiscal year.
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About Heroux Devtek
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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