Brokers Issue Forecasts for Heroux Devtek Inc’s FY2018 Earnings (HRX)

Heroux Devtek Inc (TSE:HRX) – Analysts at Desjardins boosted their FY2018 earnings per share estimates for shares of Heroux Devtek in a research note issued to investors on Thursday. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $0.59 for the year, up from their prior estimate of $0.58. Desjardins also issued estimates for Heroux Devtek’s Q4 2018 earnings at $0.26 EPS.

A number of other equities research analysts also recently commented on HRX. Raymond James Financial raised their target price on Heroux Devtek from C$16.00 to C$16.50 and gave the company an “outperform” rating in a report on Tuesday, November 7th. Royal Bank of Canada raised their target price on Heroux Devtek from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. Scotiabank raised their target price on Heroux Devtek from C$15.50 to C$17.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. Finally, TD Securities raised their target price on Heroux Devtek from C$14.50 to C$15.50 and gave the company a “hold” rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Heroux Devtek currently has a consensus rating of “Buy” and an average price target of C$17.60.

Shares of Heroux Devtek (HRX) opened at C$14.69 on Monday. Heroux Devtek has a fifty-two week low of C$11.06 and a fifty-two week high of C$15.71. The company has a market capitalization of $531.39, a price-to-earnings ratio of 31.93 and a beta of 0.05.

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About Heroux Devtek

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.

Earnings History and Estimates for Heroux Devtek (TSE:HRX)

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