Heroux Devtek (HRX) PT Raised to C$19.00 at TD Securities

Heroux Devtek (TSE:HRX) had its target price upped by equities research analysts at TD Securities from C$18.00 to C$19.00 in a research report issued to clients and investors on Monday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 23.54% from the stock’s previous close.

A number of other analysts also recently issued reports on HRX. Raymond James downgraded Heroux Devtek from an “outperform” rating to a “market perform” rating and set a C$17.00 price target for the company. in a research report on Friday, May 25th. Laurentian reiterated a “hold” rating and set a C$17.00 price target on shares of Heroux Devtek in a research report on Tuesday, May 29th. Finally, Royal Bank of Canada lifted their price target on Heroux Devtek from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Friday, May 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$18.17.

Shares of HRX opened at C$15.38 on Monday. Heroux Devtek has a 12-month low of C$12.50 and a 12-month high of C$16.75.

Heroux Devtek (TSE:HRX) last issued its quarterly earnings results on Thursday, May 24th. The company reported C$0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.26 by C$0.03. The firm had revenue of C$113.02 million during the quarter, compared to the consensus estimate of C$120.00 million. Heroux Devtek had a return on equity of 0.69% and a net margin of 0.65%.

Heroux Devtek Company Profile

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.

Further Reading: Outstanding Shares and The Effect on Share Price

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