Heroux Devtek Inc (HRX) Receives Consensus Rating of “Buy” from Analysts
Shares of Heroux Devtek Inc (TSE:HRX) have earned a consensus recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$17.40.
A number of brokerages have commented on HRX. Scotiabank upped their price objective on shares of Heroux Devtek from C$15.50 to C$17.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. Desjardins upped their price target on shares of Heroux Devtek from C$18.00 to C$19.00 in a research note on Tuesday, November 7th. Raymond James Financial raised shares of Heroux Devtek from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$13.00 to C$16.00 in a research note on Wednesday, October 4th. TD Securities upped their price target on shares of Heroux Devtek from C$14.00 to C$15.50 and gave the stock a “hold” rating in a research note on Tuesday, October 3rd. Finally, Royal Bank of Canada upped their price target on shares of Heroux Devtek from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 7th.
Heroux Devtek (HRX) opened at C$15.23 on Tuesday. The company has a market cap of $550.64, a price-to-earnings ratio of 22.73 and a beta of 0.16. Heroux Devtek has a 12-month low of C$11.06 and a 12-month high of C$15.71.
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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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