Héroux-Devtek (TSE:HRX) Reaches New 52-Week High at $25.75

Héroux-Devtek Inc. (TSE:HRX)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$25.75 and last traded at C$25.75, with a volume of 10775 shares trading hands. The stock had previously closed at C$24.91.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HRX. Desjardins increased their price objective on shares of Héroux-Devtek from C$26.00 to C$37.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Scotiabank lifted their price objective on Héroux-Devtek from C$22.50 to C$27.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. National Bankshares increased their target price on Héroux-Devtek from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, TD Securities lifted their target price on Héroux-Devtek from C$23.00 to C$28.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd.

Héroux-Devtek Stock Down 0.3 %

The company has a market cap of C$852.02 million, a price-to-earnings ratio of 36.17, a price-to-earnings-growth ratio of 1.02 and a beta of 1.62. 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 business has a 50-day simple moving average of C$22.89 and a 200-day simple moving average of C$19.37.

Héroux-Devtek (TSE:HRX) last posted its quarterly earnings results on Wednesday, May 22nd. The company reported C$0.49 EPS for the quarter, topping the consensus estimate of C$0.31 by C$0.18. Héroux-Devtek had a net margin of 3.97% and a return on equity of 6.05%. The company had revenue of C$184.05 million during the quarter, compared to analysts’ expectations of C$170.58 million. On average, equities analysts anticipate that Héroux-Devtek Inc. will post 1.1295045 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.