TD Securities Boosts Heroux Devtek (TSE:HRX) Price Target to C$23.00

Heroux Devtek (TSE:HRX) had its price target upped by TD Securities from C$22.00 to C$23.00 in a research note issued to investors on Monday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on HRX. National Bank Financial raised their target price on shares of Heroux Devtek from C$20.00 to C$23.00 and gave the stock an outperform rating in a research note on Monday. Laurentian cut their target price on shares of Heroux Devtek from C$18.50 to C$13.00 in a research note on Monday. Raymond James set a C$19.50 target price on shares of Heroux Devtek and gave the stock an outperform rating in a research note on Thursday, June 20th. Desjardins raised their target price on shares of Heroux Devtek from C$23.00 to C$24.00 in a research note on Monday. Finally, Royal Bank of Canada raised their target price on shares of Heroux Devtek from C$21.00 to C$24.00 and gave the stock an outperform rating in a research note on Monday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Heroux Devtek currently has an average rating of Buy and a consensus target price of C$21.33.

TSE HRX opened at C$17.80 on Monday. The firm has a 50-day moving average of C$19.47 and a 200-day moving average of C$16.89. The company has a debt-to-equity ratio of 64.42, a quick ratio of 0.93 and a current ratio of 1.95. The stock has a market cap of $710.88 million and a PE ratio of 24.45. Heroux Devtek has a 52-week low of C$11.05 and a 52-week high of C$20.30.

Heroux Devtek (TSE:HRX) last posted its earnings results on Thursday, May 23rd. The company reported C$0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.13. The company had revenue of C$157.91 million for the quarter, compared to analyst estimates of C$146.50 million. As a group, analysts predict that Heroux Devtek will post 1.1799999 EPS for the current fiscal year.

In related news, Senior Officer Jean Gravel sold 3,300 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of C$16.86, for a total transaction of C$55,638.00. Following the transaction, the insider now directly owns 42,921 shares of the company’s stock, valued at 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.

See Also: Cost of Goods Sold (COGS)

Analyst Recommendations for Heroux Devtek (TSE:HRX)

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