Héroux-Devtek (TSE:HRX) Sets New 12-Month High at $31.03

Héroux-Devtek Inc. (TSE:HRX)’s share price reached a new 52-week high on Monday . The stock traded as high as C$31.03 and last traded at C$30.96, with a volume of 941223 shares changing hands. The stock had previously closed at C$30.94.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HRX. TD Securities cut shares of Héroux-Devtek from a “buy” rating to a “sell” rating and raised their price objective for the company from C$28.00 to C$32.50 in a research report on Friday. National Bankshares lifted their target price on shares of Héroux-Devtek from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Desjardins lifted their target price 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. Finally, Scotiabank raised their price target on shares of Héroux-Devtek from C$22.50 to C$27.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd.

Héroux-Devtek Stock Performance

The firm has a market cap of C$1.05 billion, a PE ratio of 44.39, a P/E/G ratio of 1.02 and a beta of 1.62. The company has a quick ratio of 0.96, a current ratio of 2.19 and a debt-to-equity ratio of 54.60. The firm has a 50-day moving average price of C$23.35 and a two-hundred day moving average price of C$19.62.

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