Héroux-Devtek (TSE:HRX) Reaches New 1-Year High at $18.69

Héroux-Devtek Inc. (TSE:HRX - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as C$18.69 and last traded at C$18.69, with a volume of 16492 shares. The stock had previously closed at C$18.43.

Analysts Set New Price Targets

HRX has been the subject of a number of research analyst reports. TD Securities raised shares of Héroux-Devtek from a "hold" rating to a "buy" rating and increased their price objective for the stock from C$19.00 to C$23.00 in a research report on Thursday, February 8th. National Bankshares increased their target price on shares of Héroux-Devtek from C$19.00 to C$23.00 and gave the stock an "outperform" rating in a report on Thursday, February 8th. Desjardins increased their target price on shares of Héroux-Devtek from C$21.00 to C$26.00 and gave the stock a "buy" rating in a report on Thursday, February 8th. Finally, Scotiabank increased their target price on shares of Héroux-Devtek from C$19.50 to C$21.00 and gave the stock an "outperform" rating in a report on Thursday, February 8th.

Héroux-Devtek Price Performance

The company has a current ratio of 2.19, a quick ratio of 0.96 and a debt-to-equity ratio of 54.60. The stock's fifty day moving average price is C$17.63 and its two-hundred day moving average price is C$16.22. The firm has a market capitalization of C$647.09 million, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63.

Héroux-Devtek (TSE:HRX - Get Free Report) last posted its earnings results on Wednesday, February 7th. The company reported C$0.27 EPS for the quarter, beating analysts' consensus estimates of C$0.17 by C$0.10. The firm had revenue of C$163.52 million for the quarter, compared to the consensus estimate of C$148.55 million. Héroux-Devtek had a net margin of 3.97% and a return on equity of 6.05%. Equities research analysts expect that Héroux-Devtek Inc. will post 1.0743851 EPS for the current year.

Héroux-Devtek Company Profile

Héroux-Devtek Inc engages in the design, development, manufacture, finishing, assembling, and repair and overhaul of aircraft landing gears, hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. The company serves commercial and defence sectors of the aerospace market.