Heroux Devtek Inc (HRX) Upgraded to Outperform at Raymond James Financial, Inc.
Heroux Devtek Inc (TSE:HRX) was upgraded by Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating in a report issued on Wednesday. The firm presently has a C$16.00 price objective on the stock, up from their prior price objective of C$13.00. Raymond James Financial, Inc.’s price objective would suggest a potential upside of 11.34% from the company’s previous close.
Several other brokerages have also commented on HRX. Desjardins upgraded shares of Heroux Devtek from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$15.00 to C$18.00 in a research report on Tuesday. TD Securities boosted their target price on shares of Heroux Devtek from C$14.00 to C$15.50 and gave the stock a “hold” rating in a research report on Tuesday. Royal Bank Of Canada boosted their target price on shares of Heroux Devtek from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Scotiabank decreased their target price on shares of Heroux Devtek from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research report on Tuesday, August 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$16.33.
Heroux Devtek (HRX) traded up 0.56% during trading on Wednesday, reaching $14.37. 13,520 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $13.15 and a 200 day moving average price of $13.06. The firm has a market capitalization of $519.30 million and a price-to-earnings ratio of 16.95. Heroux Devtek has a 52 week low of $11.06 and a 52 week high of $16.05.
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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