Héroux-Devtek (TSE:HRX) Sets New 12-Month High at $31.60

Héroux-Devtek Inc. (TSE:HRX) hit a new 52-week high during trading on Friday . The company traded as high as C$31.60 and last traded at C$31.40, with a volume of 30232 shares. The stock had previously closed at C$31.33.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. National Bankshares raised their price objective on Héroux-Devtek from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. TD Securities lowered Héroux-Devtek from a “buy” rating to a “sell” rating and raised their price objective for the stock from C$28.00 to C$32.50 in a research report on Friday, July 12th. Desjardins raised their price objective on Héroux-Devtek from C$26.00 to C$37.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Finally, Scotiabank raised their price target on Héroux-Devtek from C$22.50 to C$27.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd.

Héroux-Devtek Price Performance

The stock has a market cap of C$1.06 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 1.02 and a beta of 1.73. The stock has a fifty day simple moving average of C$29.98 and a 200-day simple moving average of C$23.65. The company has a current ratio of 2.14, a quick ratio of 0.96 and a debt-to-equity ratio of 48.49.

Héroux-Devtek (TSE:HRX) last released its earnings results on Tuesday, August 6th. The company reported C$0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.26 by C$0.13. The firm had revenue of C$174.00 million for the quarter, compared to analyst estimates of C$159.00 million. Héroux-Devtek had a return on equity of 11.18% and a net margin of 7.07%. As a group, equities research analysts expect that Héroux-Devtek Inc. will post 1.5801411 EPS for the current 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.