Héroux-Devtek (TSE:HRX) Price Target Raised to C$25.00 at National Bankshares

Héroux-Devtek (TSE:HRX) had its price objective upped by National Bankshares from C$23.00 to C$25.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other brokerages have also commented on HRX. TD Securities upgraded Héroux-Devtek from a hold rating to a buy rating and raised their price target for the company from C$19.00 to C$23.00 in a research note on Thursday, February 8th. Scotiabank raised their price target on Héroux-Devtek from C$21.00 to C$22.50 and gave the company an outperform rating in a research note on Wednesday, April 10th. Finally, Desjardins raised their price target on Héroux-Devtek from C$21.00 to C$26.00 and gave the company a buy rating in a research note on Thursday, February 8th.

Héroux-Devtek Stock Performance

HRX stock opened at C$19.51 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 2.19 and a debt-to-equity ratio of 54.60. The business’s fifty day simple moving average is C$18.26 and its two-hundred day simple moving average is C$16.40. Héroux-Devtek has a twelve month low of C$12.52 and a twelve month high of C$19.78. The firm has a market cap of C$656.51 million, a price-to-earnings ratio of 27.87, a PEG ratio of 1.02 and a beta of 1.63.

Héroux-Devtek (TSE:HRX) last released its earnings results on Wednesday, February 7th. The company reported C$0.27 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.10. Héroux-Devtek had a return on equity of 6.05% and a net margin of 3.97%. The business had revenue of C$163.52 million for the quarter, compared to analyst estimates of C$148.55 million. Analysts predict that Héroux-Devtek will post 1.0745934 earnings per share for the current year.

About Héroux-Devtek

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.