Heroux Devtek (TSE:HRX) had its price objective boosted by Desjardins from C$23.00 to C$24.00 in a research report report published on Monday morning, BayStreet.CA reports. Desjardins also issued estimates for Heroux Devtek’s Q2 2020 earnings at $0.12 EPS, Q3 2020 earnings at $0.25 EPS, Q4 2020 earnings at $0.31 EPS, FY2020 earnings at $0.88 EPS, FY2021 earnings at $1.08 EPS and FY2022 earnings at $1.13 EPS.
Other equities analysts have also issued research reports about the company. TD Securities raised their price target on Heroux Devtek from C$19.50 to C$22.00 and gave the company a buy rating in a research note on Friday, May 24th. Raymond James set a C$19.50 price target on Heroux Devtek and gave the company an outperform rating in a research note on Thursday, June 20th. National Bank Financial raised their price target on Heroux Devtek from C$18.00 to C$20.00 and gave the company an outperform rating in a research note on Friday, May 24th. Laurentian cut their price target on Heroux Devtek from C$18.50 to C$13.00 in a research note on Monday. Finally, Royal Bank of Canada raised their price target on Heroux Devtek from C$21.00 to C$24.00 and gave the company an outperform rating in a research note on Monday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Buy and an average price target of C$21.33.
TSE:HRX opened at C$17.80 on Monday. Heroux Devtek has a twelve month low of C$11.05 and a twelve month high of C$20.30. The company has a market cap of $710.88 million and a price-to-earnings ratio of 24.45. The stock has a fifty day simple moving average of C$19.47 and a 200-day simple moving average of C$16.89. The company has a current ratio of 1.95, a quick ratio of 0.93 and a debt-to-equity ratio of 64.42.
Heroux Devtek (TSE:HRX) last released its earnings results on Thursday, May 23rd. The company reported C$0.36 earnings per share for the quarter, topping the consensus estimate of C$0.23 by C$0.13. The business had revenue of C$157.91 million for the quarter, compared to the consensus estimate of C$146.50 million. As a group, equities research analysts predict that Heroux Devtek will post 1.1799999 EPS for the current fiscal year.
In other news, Senior Officer Jean Gravel sold 3,300 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of C$16.86, for a total transaction of C$55,638.00. Following the transaction, the insider now owns 42,921 shares in the company, valued at C$723,648.06.
About Heroux Devtek
Héroux-Devtek Inc engages in the design, development, manufacture, integration, testing, and repair and overhaul of aircraft landing gears, hydraulic flight control actuators, and fracture-critical components in Canada, the United States, and the United Kingdom. The company also manufactures and sells hydraulic systems, fluid filtration systems, electronic enclosures, heat exchangers, and cabinets for suppliers of airborne radar, electro-optic systems, and aircraft controls.
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