Héroux-Devtek (TSE:HRX) PT Raised to C$27.00 at Scotiabank

Héroux-Devtek (TSE:HRX) had its price objective lifted by investment analysts at Scotiabank from C$22.50 to C$27.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 16.13% from the company’s current price.

Several other research firms also recently issued reports on HRX. Desjardins upped their price objective on Héroux-Devtek from C$26.00 to C$37.00 and gave the company a “buy” rating in a research note on Thursday. National Bankshares increased their price objective on Héroux-Devtek from C$26.00 to C$29.00 and gave the company an “outperform” rating in a report on Thursday. Finally, TD Securities raised Héroux-Devtek from a “hold” rating to a “buy” rating and raised their target price for the stock from C$19.00 to C$23.00 in a research report on Thursday, February 8th.

Héroux-Devtek Price Performance

Shares of TSE:HRX traded up C$0.69 during trading on Thursday, hitting C$23.25. 93,404 shares of the company were exchanged, compared to its average volume of 16,088. The company has a market capitalization of C$782.36 million, a P/E ratio of 33.21, a price-to-earnings-growth ratio of 1.02 and a beta of 1.62. Héroux-Devtek has a 1-year low of C$13.09 and a 1-year high of C$23.98. 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 50 day moving average is C$19.17 and its 200-day moving average is C$17.19.

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.