Scotiabank Cuts Heroux Devtek Inc (HRX) Price Target to C$14.50
Heroux Devtek Inc (TSE:HRX) had its price target lowered by equities research analysts at Scotiabank from C$15.00 to C$14.50 in a research note issued on Tuesday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 11.03% from the company’s current price.
A number of other research analysts have also recently weighed in on HRX. Raymond James Financial, Inc. lifted their price target on shares of Heroux Devtek from C$13.00 to C$13.25 and gave the company a “market perform” rating in a research report on Friday, May 26th. 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 target on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$15.04.
Heroux Devtek (HRX) traded down 1.91% during midday trading on Tuesday, reaching $12.81. 11,495 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $14.01 and its 200 day moving average is $13.19. The firm has a market capitalization of $462.83 million and a P/E ratio of 14.56. Heroux Devtek has a 52 week low of $11.06 and a 52 week high of $16.05.
Heroux Devtek (TSE:HRX) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $121.50 million. Heroux Devtek had a net margin of 7.36% and a return on equity of 10.20%. On average, analysts expect that Heroux Devtek will post $0.69 EPS for the current fiscal year.
Heroux Devtek Company Profile
Héroux-Devtek Inc engages in the design, development, manufacture, repair, and overhaul of aircraft landing gears, hydraulic flight control actuators, and fracture-critical components in Canada, the United States, the United Kingdom, and internationally. 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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