Héroux-Devtek (TSE:HRX) Reaches New 1-Year High – Still a Buy?

Héroux-Devtek Inc. (TSE:HRX)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$32.19 and last traded at C$32.17, with a volume of 47904 shares changing hands. The stock had previously closed at C$32.13.

Wall Street Analyst Weigh In

Separately, TD Securities downgraded Héroux-Devtek from a “buy” rating to a “sell” rating and lifted their price target for the company from C$28.00 to C$32.50 in a report on Friday, July 12th.

Héroux-Devtek Stock Down 0.2 %

The business’s 50 day simple moving average is C$31.85 and its 200 day simple moving average is C$27.56. The company has a debt-to-equity ratio of 48.49, a current ratio of 2.14 and a quick ratio of 0.96. The company has a market capitalization of C$1.08 billion, a PE ratio of 23.26, a P/E/G ratio of 1.02 and a beta of 1.72.

Héroux-Devtek (TSE:HRX) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.26 by C$0.13. The business had revenue of C$174.00 million during the quarter, compared to analysts’ expectations of C$159.00 million. Héroux-Devtek had a return on equity of 11.18% and a net margin of 7.07%. As a group, analysts anticipate that Héroux-Devtek Inc. will post 1.640041 earnings per share for the current fiscal 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.