Héroux-Devtek (TSE:HRX) PT Raised to C$22.50 at Scotiabank

Héroux-Devtek (TSE:HRX) had its price target lifted by Scotiabank from C$21.00 to C$22.50 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently commented on HRX. National Bankshares upped their price objective on shares of Héroux-Devtek from C$19.00 to C$23.00 and gave the company an outperform rating in a research report on Thursday, February 8th. Desjardins upped their price objective on shares of Héroux-Devtek from C$21.00 to C$26.00 and gave the company a buy rating in a research report on Thursday, February 8th. Finally, TD Securities upgraded shares of Héroux-Devtek from a hold rating to a buy rating and upped their price objective for the company from C$19.00 to C$23.00 in a research report on Thursday, February 8th.

Héroux-Devtek Stock Performance

Shares of Héroux-Devtek stock opened at C$19.24 on Wednesday. The firm has a fifty day moving average of C$18.01 and a two-hundred day moving average of C$16.33. The stock has a market capitalization of C$647.43 million, a price-to-earnings ratio of 27.49, a PEG ratio of 1.02 and a beta of 1.63. Héroux-Devtek has a 52 week low of C$12.52 and a 52 week high of C$19.24. The company has a debt-to-equity ratio of 54.60, a quick ratio of 0.96 and a current ratio of 2.19.

Héroux-Devtek (TSE:HRX) last released its quarterly earnings data on Wednesday, February 7th. The company reported C$0.27 EPS for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.10. Héroux-Devtek had a net margin of 3.97% and a return on equity of 6.05%. The business had revenue of C$163.52 million during the quarter, compared to analysts’ expectations of C$148.55 million. As a group, equities research analysts predict that Héroux-Devtek will post 1.0745934 EPS for the current year.

Héroux-Devtek Company Profile

Héroux-Devtek Inc engages in the design, development, manufacture, finishing, assembling, and repair and overhaul of aircraft landing gears, hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. The company serves commercial and defence sectors of the aerospace market.