Héroux-Devtek (TSE:HRX) Reaches New 12-Month High at $25.75

Shares of Héroux-Devtek Inc. (TSE:HRX) reached a new 52-week high on Monday . The company traded as high as C$25.75 and last traded at C$25.75, with a volume of 10775 shares trading hands. The stock had previously closed at C$24.91.

Analyst Ratings Changes

Several equities research analysts have commented on the company. National Bankshares boosted their target price on Héroux-Devtek from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. TD Securities upped their price target on shares of Héroux-Devtek from C$23.00 to C$28.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Scotiabank lifted 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. Finally, Desjardins increased their price target on shares of Héroux-Devtek from C$26.00 to C$37.00 and gave the company a “buy” rating in a report on Thursday, May 23rd.

Héroux-Devtek Price Performance

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 stock has a market cap of C$852.02 million, a P/E ratio of 36.17, a P/E/G ratio of 1.02 and a beta of 1.62. The firm has a 50 day moving average price of C$22.89 and a 200 day moving average price of C$19.37.

Héroux-Devtek (TSE:HRX) last released its earnings results on Wednesday, May 22nd. The company reported C$0.49 EPS for the quarter, topping analysts’ consensus estimates of C$0.31 by C$0.18. The company had revenue of C$184.05 million for the quarter, compared to analysts’ expectations of C$170.58 million. Héroux-Devtek had a net margin of 3.97% and a return on equity of 6.05%. On average, analysts forecast 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.