Héroux-Devtek (TSE:HRX) Sets New 12-Month High at $31.41

Héroux-Devtek Inc. (TSE:HRX)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$31.41 and last traded at C$31.19, with a volume of 99094 shares changing hands. The stock had previously closed at C$31.05.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HRX shares. TD Securities lowered shares of Héroux-Devtek from a “buy” rating to a “sell” rating and raised their price objective for the company from C$28.00 to C$32.50 in a research report on Friday, July 12th. National Bankshares raised their target price on shares of Héroux-Devtek from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Desjardins raised their target price on shares of Héroux-Devtek from C$26.00 to C$37.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, Scotiabank raised their target price on shares of Héroux-Devtek from C$22.50 to C$27.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd.

Héroux-Devtek Price Performance

The business’s 50-day moving average price is C$26.26 and its 200-day moving average price is C$21.00. 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 firm has a market capitalization of C$1.05 billion, a PE ratio of 44.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.62.

Héroux-Devtek (TSE:HRX) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported C$0.49 earnings per share for the quarter, beating the consensus estimate of C$0.31 by C$0.18. The firm had revenue of C$184.05 million for the quarter, compared to analyst estimates of C$170.58 million. Héroux-Devtek had a net margin of 3.97% and a return on equity of 6.05%. As a group, equities research analysts predict that Héroux-Devtek Inc. will post 1.1295045 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.