Heroux Devtek Inc (HRX) Receives C$18.17 Average Target Price from Analysts

Shares of Heroux Devtek Inc (TSE:HRX) have been given an average rating of “Buy” by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$18.17.

A number of analysts recently commented on HRX shares. Desjardins dropped their price objective on Heroux Devtek from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Tuesday, October 2nd. TD Securities upgraded Heroux Devtek from a “hold” rating to a “buy” rating and set a C$17.50 price objective for the company in a research report on Tuesday, November 13th. Raymond James upgraded Heroux Devtek from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from C$17.00 to C$16.50 in a research report on Tuesday, November 13th. Royal Bank of Canada dropped their price objective on Heroux Devtek from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Tuesday, November 13th. Finally, National Bank Financial reiterated an “outperform” rating and set a C$18.00 price objective on shares of Heroux Devtek in a research report on Wednesday, October 3rd.

Heroux Devtek stock opened at C$12.28 on Wednesday. Heroux Devtek has a 52 week low of C$11.05 and a 52 week high of C$16.75. The company has a debt-to-equity ratio of 65.42, a current ratio of 4.08 and a quick ratio of 2.52.

Heroux Devtek (TSE:HRX) last posted its quarterly earnings data on Monday, November 12th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). The company had revenue of C$95.67 million during the quarter, compared to analysts’ expectations of C$107.00 million. On average, sell-side analysts forecast that Heroux Devtek will post 0.879999966208001 EPS for the current year.

Heroux Devtek Company Profile

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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