Heroux Devtek (TSE:HRX) had its target price lifted by National Bank Financial from C$20.00 to C$23.00 in a report issued on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts have also recently issued reports on HRX. Laurentian dropped their target price on Heroux Devtek from C$18.50 to C$13.00 in a report on Monday. Desjardins upped their target price on Heroux Devtek from C$23.00 to C$24.00 in a report on Monday. Royal Bank of Canada upped their target price on Heroux Devtek from C$21.00 to C$24.00 and gave the company an outperform rating in a report on Monday. Raymond James set a C$19.50 target price on Heroux Devtek and gave the company an outperform rating in a report on Thursday, June 20th. Finally, TD Securities upped their target price on Heroux Devtek from C$19.50 to C$22.00 and gave the company a buy rating in a report on Friday, May 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of C$21.33.

Shares of HRX opened at C$17.80 on Monday. The company has a debt-to-equity ratio of 64.42, a quick ratio of 0.93 and a current ratio of 1.95. Heroux Devtek has a one year low of C$11.05 and a one year high of C$20.30. The stock has a market capitalization of $710.88 million and a price-to-earnings ratio of 24.45. The stock has a 50 day moving average price of C$19.47 and a 200 day moving average price of C$16.89.

Heroux Devtek (TSE:HRX) last issued its quarterly earnings results on Thursday, May 23rd. The company reported C$0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.23 by C$0.13. The firm had revenue of C$157.91 million for the quarter, compared to analysts’ expectations of C$146.50 million. On average, analysts predict that Heroux Devtek will post 1.1799999 earnings per share for the current year.

In other Heroux Devtek news, Senior Officer Jean Gravel sold 3,300 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of C$16.86, for a total value of C$55,638.00. Following the completion of the sale, the insider now directly owns 42,921 shares in the company, valued at approximately C$723,648.06.

Heroux Devtek Company Profile

Héroux-Devtek Inc engages in the design, development, manufacture, integration, testing, and repair and overhaul of aircraft landing gears, hydraulic flight control actuators, and fracture-critical components in Canada, the United States, and the United Kingdom. The company also manufactures and sells hydraulic systems, fluid filtration systems, electronic enclosures, heat exchangers, and cabinets for suppliers of airborne radar, electro-optic systems, and aircraft controls.

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Analyst Recommendations for Heroux Devtek (TSE:HRX)

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