Heroux Devtek Inc (HRX) Given Consensus Recommendation of “Hold” by Brokerages
Heroux Devtek Inc (TSE:HRX) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$14.85.
A number of analysts have recently commented on HRX shares. Raymond James Financial, Inc. boosted 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. Scotiabank boosted 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. Finally, Royal Bank Of Canada started coverage on shares of Heroux Devtek in a research report on Thursday, June 15th. They issued an “outperform” rating and a C$17.00 price objective on the stock.
Shares of Heroux Devtek (TSE:HRX) opened at 12.80 on Wednesday. Heroux Devtek has a 12-month low of $11.06 and a 12-month high of $16.05. The stock’s 50 day moving average price is $13.41 and its 200-day moving average price is $13.02. The firm has a market capitalization of $462.57 million and a P/E ratio of 15.09.
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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