Héroux-Devtek (TSE:HRX) Sets New 12-Month High at $31.80

Héroux-Devtek Inc. (TSE:HRX) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$31.80 and last traded at C$31.78, with a volume of 14846 shares changing hands. The stock had previously closed at C$31.73.

Analyst Ratings Changes

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

Héroux-Devtek Trading Up 0.3 %

The company has a debt-to-equity ratio of 48.49, a current ratio of 2.14 and a quick ratio of 0.96. The company has a market capitalization of C$1.07 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 1.02 and a beta of 1.73. The firm has a fifty day moving average price of C$31.13 and a 200-day moving average price of C$24.53.

Héroux-Devtek (TSE:HRX) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.13. The business had revenue of C$174.00 million during the quarter, compared to the consensus estimate of C$159.00 million. Héroux-Devtek had a net margin of 7.07% and a return on equity of 11.18%. On average, equities research analysts anticipate that Héroux-Devtek Inc. will post 1.5806613 earnings per share 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.