Raymond James Financial, Inc. Increases Heroux Devtek Inc (TSE:HRX) Price Target to C$13.25

Heroux Devtek Inc (TSE:HRX) had its price objective raised by Raymond James Financial, Inc. from C$13.00 to C$13.25 in a research report sent to investors on Wednesday, August 9th. They currently have a market perform rating on the stock.

Other research analysts have also recently issued reports about the company. Scotiabank lifted their price objective on Heroux Devtek from C$14.00 to C$15.00 and gave the company an outperform rating in a report on Monday, May 29th. Royal Bank Of Canada assumed coverage on Heroux Devtek in a report on Thursday, June 15th. They issued an outperform rating and a C$17.00 price target for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of C$15.04.

Shares of Heroux Devtek (HRX) traded down 0.23% during mid-day trading on Wednesday, hitting $12.83. 1,635 shares of the stock traded hands. Heroux Devtek has a 12-month low of $11.06 and a 12-month high of $16.05. The stock has a market cap of $463.65 million and a P/E ratio of 15.13. The firm’s 50 day moving average price is $13.54 and its 200-day moving average price is $13.07.

Heroux Devtek (TSE:HRX) last issued its quarterly earnings data on Thursday, May 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. The company had revenue of $120.89 million during the quarter, compared to analysts’ expectations of $121.50 million. Heroux Devtek had a return on equity of 10.20% and a net margin of 7.36%. Analysts predict that Heroux Devtek will post $0.65 earnings per share for the current year.

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Heroux Devtek Company Profile

Héroux-Devtek Inc engages in the design, development, manufacture, repair, and overhaul of aircraft landing gears, hydraulic flight control actuators, and fracture-critical components in Canada, the United States, the United Kingdom, and internationally. 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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