Héroux-Devtek (TSE:HRX) Reaches New 1-Year High at $20.00

Héroux-Devtek Inc. (TSE:HRX)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$20.00 and last traded at C$19.71, with a volume of 2548 shares. The stock had previously closed at C$20.00.

Analysts Set New Price Targets

A number of research firms recently issued reports on HRX. Desjardins raised their price objective on shares of Héroux-Devtek from C$21.00 to C$26.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. National Bankshares lifted their price target on shares of Héroux-Devtek from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Scotiabank raised their target price on Héroux-Devtek from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, TD Securities upgraded Héroux-Devtek from a “hold” rating to a “buy” rating and increased their price target for the stock from C$19.00 to C$23.00 in a research note on Thursday, February 8th.

Héroux-Devtek Trading Up 1.0 %

The company has a debt-to-equity ratio of 54.60, a quick ratio of 0.96 and a current ratio of 2.19. The stock has a market capitalization of C$674.35 million, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63. The stock has a 50-day moving average price of C$18.58 and a two-hundred day moving average price of C$16.57.

Héroux-Devtek (TSE:HRX) last released its quarterly earnings results on Wednesday, February 7th. The company reported C$0.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of C$163.52 million during the quarter, compared to the consensus estimate of C$148.55 million. On average, research analysts forecast that Héroux-Devtek Inc. will post 1.0745934 EPS for the current fiscal 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.