Héroux-Devtek Inc. (TSE:HRX – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$32.17 and last traded at C$32.14, with a volume of 8044 shares trading hands. The stock had previously closed at C$32.15.
Wall Street Analyst Weigh In
Separately, TD Securities downgraded Héroux-Devtek from a “buy” rating to a “sell” rating and lifted their price target for the stock from C$28.00 to C$32.50 in a report on Friday, July 12th.
Get Our Latest Analysis on HRX
Héroux-Devtek Stock Performance
Héroux-Devtek (TSE:HRX – Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$0.39 earnings per share for the quarter, beating the consensus estimate of C$0.26 by C$0.13. Héroux-Devtek had a return on equity of 11.18% and a net margin of 7.07%. The business had revenue of C$174.00 million during the quarter, compared to the consensus estimate of C$159.00 million. Analysts expect that Héroux-Devtek Inc. will post 1.640041 earnings per share for the current year.
Héroux-Devtek Company Profile
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.
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