Scotiabank Raises Héroux-Devtek (TSE:HRX) Price Target to C$22.50

Héroux-Devtek (TSE:HRX - Get Free Report) had its price target increased by research analysts at Scotiabank from C$21.00 to C$22.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Scotiabank's price target would indicate a potential upside of 16.94% from the company's current price.

A number of other equities analysts have also commented on the stock. National Bankshares raised their price objective on shares of 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. TD Securities raised shares of Héroux-Devtek from a "hold" rating to a "buy" rating and upped their price target for the stock from C$19.00 to C$23.00 in a research note on Thursday, February 8th. Finally, Desjardins increased their price objective on Héroux-Devtek from C$21.00 to C$26.00 and gave the stock a "buy" rating in a report on Thursday, February 8th.

Héroux-Devtek Stock Up 1.7 %

Shares of TSE:HRX traded up C$0.33 during mid-day trading on Wednesday, hitting C$19.24. 6,934 shares of the company traded hands, compared to its average volume of 14,086. The firm has a market cap of C$647.43 million, a P/E ratio of 27.49, a PEG ratio of 1.02 and a beta of 1.63. Héroux-Devtek has a 52-week low of C$12.52 and a 52-week high of C$19.24. The firm's 50 day simple moving average is C$18.01 and its 200 day simple moving average is C$16.33. The company has a debt-to-equity ratio of 54.60, a quick ratio of 0.96 and a current ratio of 2.19.

Héroux-Devtek (TSE:HRX - Get Free Report) last issued its earnings results on Wednesday, February 7th. The company reported C$0.27 EPS for the quarter, topping 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 analyst estimates of C$148.55 million. Héroux-Devtek had a return on equity of 6.05% and a net margin of 3.97%. On average, equities analysts anticipate that Héroux-Devtek will post 1.0745934 EPS for the current year.

About Héroux-Devtek

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.