Heroux Devtek (TSE:HRX) PT Raised to C$24.00 at Desjardins

Heroux Devtek (TSE:HRX) had its price objective raised by Desjardins from C$23.00 to C$24.00 in a research note published on Monday morning, BayStreet.CA reports. Desjardins also issued estimates for Heroux Devtek’s Q2 2020 earnings at $0.12 EPS, Q3 2020 earnings at $0.25 EPS, Q4 2020 earnings at $0.31 EPS, FY2020 earnings at $0.88 EPS, FY2021 earnings at $1.08 EPS and FY2022 earnings at $1.13 EPS.

HRX has been the subject of a number of other reports. TD Securities increased their price objective on shares of Heroux Devtek from C$19.50 to C$22.00 and gave the company a buy rating in a report on Friday, May 24th. Laurentian cut their price objective on shares of Heroux Devtek from C$18.50 to C$13.00 in a report on Monday. Royal Bank of Canada increased their price objective on shares of Heroux Devtek from C$21.00 to C$24.00 and gave the company an outperform rating in a report on Monday. National Bank Financial increased 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 report on Friday, May 24th. Finally, Raymond James set a C$19.50 price objective on shares of Heroux Devtek and gave the company an outperform rating in a report on Thursday, June 20th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Heroux Devtek presently has a consensus rating of Buy and an average target price of C$21.33.

Shares of HRX opened at C$17.80 on Monday. The company has a debt-to-equity ratio of 64.42, a current ratio of 1.95 and a quick ratio of 0.93. Heroux Devtek has a 1 year low of C$11.05 and a 1 year high of C$20.30. The company has a 50 day simple moving average of C$19.47 and a two-hundred day simple moving average of C$16.89. The firm has a market cap of $710.88 million and a P/E ratio of 24.45.

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 analysts’ consensus estimates 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. On average, sell-side analysts anticipate that Heroux Devtek will post 1.1799999 earnings per share for the current year.

In other news, Senior Officer Jean Gravel sold 3,300 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of C$16.86, for a total transaction of C$55,638.00. Following the completion of the transaction, 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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