Several brokerages have updated their recommendations and price targets on shares of Heroux Devtek (TSE: HRX) in the last few weeks:

  • 5/27/2019 – Heroux Devtek had its price target raised by analysts at Royal Bank of Canada from C$20.00 to C$21.00. They now have an “outperform” rating on the stock.
  • 5/24/2019 – Heroux Devtek had its price target raised by analysts at Raymond James from C$17.00 to C$19.50. They now have an “outperform” rating on the stock.
  • 5/24/2019 – Heroux Devtek had its price target raised by analysts at National Bank Financial from C$18.00 to C$20.00. They now have an “outperform” rating on the stock.
  • 5/24/2019 – Heroux Devtek had its price target raised by analysts at TD Securities from C$19.50 to C$22.00. They now have a “buy” rating on the stock.
  • 5/24/2019 – Heroux Devtek had its price target raised by analysts at Desjardins from C$21.00 to C$23.00. They now have a “buy” rating on the stock.

Shares of Heroux Devtek stock opened at C$16.90 on Monday. The firm has a market capitalization of $614.52 million and a PE ratio of 23.21. The company has a debt-to-equity ratio of 64.42, a quick ratio of 0.93 and a current ratio of 1.95. Heroux Devtek Inc has a 1 year low of C$11.05 and a 1 year high of C$17.04.

Heroux Devtek (TSE:HRX) last issued its earnings results on Thursday, May 23rd. The company reported C$0.36 EPS for the quarter, topping the consensus estimate of C$0.23 by C$0.13. The firm had revenue of C$157.91 million during the quarter, compared to the consensus estimate of C$146.50 million. On average, sell-side analysts anticipate that Heroux Devtek Inc will post 0.97 earnings per share for the current year.

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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