Heroux Devtek (HRX) Price Target Raised to C$20.00

Heroux Devtek (TSE:HRX) had its price objective increased by National Bank Financial from C$18.00 to C$20.00 in a report released on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Heroux Devtek’s Q1 2020 earnings at $0.17 EPS, FY2020 earnings at $0.91 EPS and FY2021 earnings at $1.02 EPS.

A number of other brokerages have also recently issued reports on HRX. Desjardins lifted their price objective on Heroux Devtek from C$21.00 to C$23.00 and gave the company a buy rating in a research note on Friday. Raymond James restated an outperform rating and issued a C$17.00 price target on shares of Heroux Devtek in a research note on Friday, February 8th. TD Securities boosted their price target on Heroux Devtek from C$17.50 to C$19.50 and gave the stock a buy rating in a research note on Friday, February 8th. Finally, Royal Bank of Canada boosted their price target on Heroux Devtek from C$19.00 to C$20.00 and gave the stock a buy rating in a research note on Friday, February 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of C$20.25.

Shares of TSE:HRX opened at C$15.75 on Friday. The firm has a market cap of $572.43 million and a price-to-earnings ratio of 28.64. Heroux Devtek has a 12-month low of C$11.05 and a 12-month high of C$16.75. The company has a debt-to-equity ratio of 73.44, a current ratio of 2.21 and a quick ratio of 0.91.

Heroux Devtek (TSE:HRX) last announced its quarterly earnings data on Thursday, May 23rd. The company reported C$0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.23 by C$0.13. The company had revenue of C$157.91 million for the quarter, compared to analysts’ expectations of C$146.50 million. As a group, research analysts anticipate that Heroux Devtek will post 0.970000012729659 EPS for the current year.

About Heroux Devtek

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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