Héroux-Devtek (TSE:HRX) Hits New 12-Month High at $19.44

Héroux-Devtek Inc. (TSE:HRX - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as C$19.44 and last traded at C$19.30, with a volume of 8840 shares changing hands. The stock had previously closed at C$19.29.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HRX shares. Scotiabank boosted their price target on Héroux-Devtek from C$21.00 to C$22.50 and gave the company an "outperform" rating in a research report on Wednesday, April 10th. Desjardins upped their target price on Héroux-Devtek from C$21.00 to C$26.00 and gave the company a "buy" rating in a research note on Thursday, February 8th. National Bankshares increased their price target on Héroux-Devtek from C$19.00 to C$23.00 and gave the stock an "outperform" rating in a research note on Thursday, February 8th. Finally, TD Securities raised Héroux-Devtek from a "hold" rating to a "buy" rating and increased their price target for the stock from C$19.00 to C$23.00 in a research note on Thursday, February 8th.

Héroux-Devtek Trading Down 0.2 %

The stock has a market capitalization of C$647.93 million, a price-to-earnings ratio of 27.51, a P/E/G ratio of 1.02 and a beta of 1.63. The company has a debt-to-equity ratio of 54.60, a quick ratio of 0.96 and a current ratio of 2.19. The firm has a fifty day moving average of C$18.26 and a 200-day moving average of C$16.40.

Héroux-Devtek (TSE:HRX - Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported C$0.27 earnings per share for the quarter, beating the consensus estimate of C$0.17 by C$0.10. The company had revenue of C$163.52 million during the quarter, compared to the consensus estimate of C$148.55 million. Héroux-Devtek had a return on equity of 6.05% and a net margin of 3.97%. As a group, equities analysts predict that Héroux-Devtek Inc. will post 1.0745934 earnings per share for the current fiscal 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.