Brokerages Set Heroux Devtek Inc (HRX) Target Price at $17.70
Heroux Devtek Inc (TSE:HRX) has been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$17.70.
A number of brokerages have recently commented on HRX. TD Securities lifted their price target on shares of Heroux Devtek from C$15.00 to C$16.50 and gave the stock a “hold” rating in a report on Thursday, February 8th. Raymond James Financial lifted their price target on shares of Heroux Devtek from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th.
In related news, insider Gaétan Roy sold 3,300 shares of Heroux Devtek stock in a transaction on Friday, March 9th. The shares were sold at an average price of C$15.00, for a total transaction of C$49,500.00.
Heroux Devtek (TSE:HRX) last issued its quarterly earnings results on Wednesday, February 7th. The company reported C$0.11 EPS for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.03). The business had revenue of C$89.68 million for the quarter, compared to analyst estimates of C$96.40 million. Heroux Devtek had a return on equity of 0.69% and a net margin of 0.65%.
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About Heroux Devtek
Heroux Devtek Inc is a Canada-based company engaged in the design, development, manufacture, repair and overhaul of landing gear and actuation systems and components for the aerospace market. It manufactures electronic enclosures, heat exchangers and cabinets for airborne radar, electro-optic systems and aircraft controls through its Magtron operations, as well as fluid filters products through its Bolton operations.
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