Royal Bank of Canada Increases Heroux Devtek (TSE:HRX) Price Target to C$24.00

Heroux Devtek (TSE:HRX) had its price objective boosted by Royal Bank of Canada from C$21.00 to C$24.00 in a research note published on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. National Bank Financial boosted their price objective on shares of Heroux Devtek from C$18.00 to C$20.00 and gave the company an outperform rating in a research report on Friday, May 24th. Desjardins lifted their price target on shares of Heroux Devtek from C$21.00 to C$23.00 and gave the company a buy rating in a research note on Friday, May 24th. TD Securities lifted their price target on shares of Heroux Devtek from C$19.50 to C$22.00 and gave the company a buy rating in a research note on Friday, May 24th. Finally, Raymond James set a C$19.50 price target on shares of Heroux Devtek and gave the company an outperform rating in a research note on Thursday, June 20th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Heroux Devtek presently has a consensus rating of Buy and a consensus price target of C$21.33.

HRX opened at C$17.80 on Monday. The stock has a market capitalization of $710.88 million and a P/E ratio of 24.45. Heroux Devtek has a 12 month low of C$11.05 and a 12 month high of C$20.30. The firm’s fifty day simple moving average is C$19.47 and its 200 day simple moving average is C$16.89. The company has a current ratio of 1.95, a quick ratio of 0.93 and a debt-to-equity ratio of 64.42.

Heroux Devtek (TSE:HRX) last posted its quarterly earnings data on Thursday, May 23rd. The company reported C$0.36 EPS for the quarter, beating the consensus estimate of C$0.23 by C$0.13. The company had revenue of C$157.91 million during the quarter, compared to the consensus estimate of C$146.50 million. On average, equities research analysts predict that Heroux Devtek will post 1.1799999 EPS for the current fiscal year.

In other Heroux Devtek news, Senior Officer Jean Gravel sold 3,300 shares of Heroux Devtek stock in a transaction on Friday, May 31st. The shares were sold at an average price of C$16.86, for a total value of C$55,638.00. Following the sale, the insider now directly owns 42,921 shares in the company, valued at approximately C$723,648.06.

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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