Héroux-Devtek (TSE:HRX) PT Raised to C$27.00

Héroux-Devtek (TSE:HRX) had its price objective hoisted by stock analysts at Scotiabank from C$22.50 to C$27.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 16.88% from the company’s previous close.

Several other research firms have also recently commented on HRX. Desjardins lifted their price target on Héroux-Devtek from C$26.00 to C$37.00 and gave the company a “buy” rating in a report on Thursday. TD Securities upgraded Héroux-Devtek from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$19.00 to C$23.00 in a report on Thursday, February 8th. Finally, National Bankshares boosted their target price on Héroux-Devtek from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a report on Thursday.

Héroux-Devtek Stock Up 0.4 %

HRX opened at C$23.10 on Thursday. The company has a debt-to-equity ratio of 54.60, a current ratio of 2.19 and a quick ratio of 0.96. The stock has a market capitalization of C$777.32 million, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 1.02 and a beta of 1.62. The business has a 50-day moving average of C$19.27 and a two-hundred day moving average of C$17.23. Héroux-Devtek has a 12 month low of C$13.09 and a 12 month high of C$23.98.

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.