Heroux Devtek (TSE:HRX)‘s stock had its “market perform” rating reaffirmed by stock analysts at Raymond James in a report released on Tuesday, BayStreet.CA reports. They presently have a C$19.50 target price on the stock. Raymond James’ price objective would suggest a potential upside of 6.27% from the stock’s current price. Raymond James also issued estimates for Heroux Devtek’s Q3 2020 earnings at $0.24 EPS, Q4 2020 earnings at $0.29 EPS, FY2020 earnings at $0.90 EPS and FY2021 earnings at $1.05 EPS.
Other equities analysts have also issued reports about the stock. TD Securities raised their price target on shares of Heroux Devtek from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Laurentian decreased their target price on shares of Heroux Devtek from C$18.50 to C$13.00 in a report on Monday, August 12th. Desjardins raised their target price on shares of Heroux Devtek from C$23.00 to C$24.00 in a report on Monday, August 12th. National Bank Financial raised their target price on shares of Heroux Devtek from C$20.00 to C$23.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada raised their target price 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, August 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Heroux Devtek has a consensus rating of “Buy” and a consensus target price of C$21.08.
TSE:HRX traded up C$0.14 during mid-day trading on Tuesday, reaching C$18.35. 6,100 shares of the company’s stock were exchanged, compared to its average volume of 31,774. Heroux Devtek has a one year low of C$11.05 and a one year high of C$20.30. The firm has a market capitalization of $671.61 million and a PE ratio of 20.44. The business’s fifty day simple moving average is C$16.97 and its two-hundred day simple moving average is C$17.52. The company has a debt-to-equity ratio of 75.36, a quick ratio of 0.76 and a current ratio of 2.03.
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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