National Bankshares Increases Héroux-Devtek (TSE:HRX) Price Target to C$29.00

Héroux-Devtek (TSE:HRX) had its price objective lifted by investment analysts at National Bankshares from C$26.00 to C$29.00 in a research report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 25.54% from the stock’s current price.

A number of other brokerages have also commented on HRX. Scotiabank upped their price target on Héroux-Devtek from C$21.00 to C$22.50 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Desjardins upped their target price on Héroux-Devtek from C$26.00 to C$37.00 and gave the company a “buy” rating in a research note on Thursday. Finally, TD Securities upgraded Héroux-Devtek from a “hold” rating to a “buy” rating and upped their target price for the company from C$19.00 to C$23.00 in a research note on Thursday, February 8th.

Héroux-Devtek Stock Up 0.4 %

Shares of HRX stock opened at C$23.10 on Thursday. Héroux-Devtek has a 12 month low of C$13.09 and a 12 month high of C$23.98. The firm has a market cap of C$777.32 million, a PE ratio of 33.00, a price-to-earnings-growth ratio of 1.02 and a beta of 1.62. The stock has a 50 day moving average of C$19.27 and a 200-day moving average of C$17.23. The company has a quick ratio of 0.96, a current ratio of 2.19 and a debt-to-equity ratio of 54.60.

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.