Heroux Devtek (HRX) Rating Reiterated by Raymond James

Raymond James reissued their outperform rating on shares of Heroux Devtek (TSE:HRX) in a research report released on Friday. Raymond James currently has a C$17.00 price target on the stock.

Several other research firms have also commented on HRX. TD Securities raised their price objective on Heroux Devtek from C$17.50 to C$19.50 and gave the company a buy rating in a research report on Friday. Royal Bank of Canada raised their price objective on Heroux Devtek from C$19.00 to C$20.00 and gave the company a buy rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of C$18.75.

TSE:HRX traded down C$0.02 during mid-day trading on Friday, hitting C$13.96. The company had a trading volume of 81,000 shares, compared to its average volume of 31,331. The company has a debt-to-equity ratio of 65.42, a current ratio of 4.08 and a quick ratio of 2.52. Heroux Devtek has a 1 year low of C$11.05 and a 1 year high of C$16.75. The firm has a market capitalization of $507.17 million and a PE ratio of 37.93.

Heroux Devtek (TSE:HRX) last released its quarterly earnings data on Thursday, February 7th. The company reported C$0.26 EPS for the quarter, beating the consensus estimate of C$0.13 by C$0.13. The company had revenue of C$144.53 million during the quarter, compared to analysts’ expectations of C$133.50 million. Equities analysts anticipate that Heroux Devtek will post 0.880000035250359 EPS for the current year.

About Heroux Devtek

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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