Heroux Devtek (TSE:HRX) Lowered to Market Perform at Raymond James

Raymond James cut shares of Heroux Devtek (TSE:HRX) from an outperform rating to a market perform rating in a research note released on Monday, BayStreet.CA reports. They currently have C$21.00 price objective on the stock, up from their previous price objective of C$19.50.

A number of other analysts have also commented on the stock. Royal Bank of Canada boosted their price target on shares of Heroux Devtek from C$21.00 to C$24.00 and gave the company an outperform rating in a research note on Monday. National Bank Financial boosted their price target on shares of Heroux Devtek from C$20.00 to C$23.00 and gave the company an outperform rating in a research note on Monday. Desjardins boosted their price target on shares of Heroux Devtek from C$23.00 to C$24.00 in a research note on Monday. TD Securities boosted their price target on shares of Heroux Devtek from C$22.00 to C$23.00 and gave the company a buy rating in a research note on Monday. Finally, Laurentian decreased their price target on shares of Heroux Devtek from C$18.50 to C$13.00 in a research note on Monday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of C$21.33.

Shares of HRX stock opened at C$17.80 on Monday. The firm has a market capitalization of $710.88 million and a PE ratio of 24.45. The firm has a fifty day simple moving average of C$19.47 and a two-hundred day simple moving average of C$16.89. The company has a current ratio of 1.95, a quick ratio of 0.93 and a debt-to-equity ratio of 64.42. Heroux Devtek has a 12 month low of C$11.05 and a 12 month high of C$20.30.



Heroux Devtek (TSE:HRX) last announced its quarterly earnings results on Thursday, May 23rd. The company reported C$0.36 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.23 by C$0.13. The business had revenue of C$157.91 million for the quarter, compared to the consensus estimate of C$146.50 million. On average, equities analysts predict that Heroux Devtek will post 1.1799999 earnings per share for the current fiscal year.

In other news, Senior Officer Jean Gravel sold 3,300 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of C$16.86, for a total value of C$55,638.00. Following the completion of the sale, the insider now owns 42,921 shares in the company, valued at approximately C$723,648.06.

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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