Heroux Devtek Inc (HRX) Receives Consensus Recommendation of “Hold” from Analysts
Heroux Devtek Inc (TSE:HRX) has received a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$14.95.
Several brokerages have recently commented on HRX. Royal Bank Of Canada began coverage on shares of Heroux Devtek in a research report on Thursday, June 15th. They set an “outperform” rating and a C$17.00 price objective for the company. Scotiabank raised their price objective on shares of Heroux Devtek from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, May 29th. Raymond James Financial, Inc. raised their price objective on shares of Heroux Devtek from C$13.00 to C$13.25 and gave the stock a “market perform” rating in a research report on Friday, May 26th. National Bank Financial downgraded shares of Heroux Devtek from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Monday, March 27th. Finally, TD Securities reduced their price objective on shares of Heroux Devtek from C$14.50 to C$13.50 and set a “hold” rating for the company in a research report on Tuesday, March 28th.
Heroux Devtek (TSE HRX) traded up 0.14% on Tuesday, hitting $14.00. 576 shares of the stock traded hands. Heroux Devtek has a 1-year low of $11.06 and a 1-year high of $16.05. The company has a market cap of $505.82 million and a price-to-earnings ratio of 15.91. The stock has a 50-day moving average price of $13.55 and a 200 day moving average price of $13.33.
Heroux Devtek (TSE:HRX) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. The company had revenue of $120.89 million during the quarter, compared to the consensus estimate of $121.50 million. Heroux Devtek had a net margin of 7.36% and a return on equity of 10.20%. On average, analysts anticipate that Heroux Devtek will post $0.69 EPS for the current fiscal year.
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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