Héroux-Devtek (TSE:HRX) Stock Price Crosses Above 200-Day Moving Average of $16.13

Héroux-Devtek Inc. (TSE:HRX)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.13 and traded as high as C$17.96. Héroux-Devtek shares last traded at C$17.91, with a volume of 7,539 shares.

Analysts Set New Price Targets

A number of analysts recently issued reports on HRX shares. TD Securities upgraded shares of Héroux-Devtek from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$19.00 to C$23.00 in a report on Thursday, February 8th. Desjardins raised their price target on shares of Héroux-Devtek from C$21.00 to C$26.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. National Bankshares upped their price objective on Héroux-Devtek from C$19.00 to C$23.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, Scotiabank increased their price objective on Héroux-Devtek from C$19.50 to C$21.00 and gave the company an “outperform” rating in a report on Thursday, February 8th.

Héroux-Devtek Trading Up 0.3 %

The company has a market cap of C$602.67 million, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63. 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’s 50-day moving average price is C$17.30 and its 200-day moving average price is C$16.13.

Héroux-Devtek (TSE:HRX) last released its quarterly earnings data on Wednesday, February 7th. The company reported C$0.27 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.10. The business had revenue of C$163.52 million during the quarter, compared to analyst estimates of C$148.55 million. Héroux-Devtek had a net margin of 3.97% and a return on equity of 6.05%. As a group, equities research analysts expect that Héroux-Devtek Inc. will post 1.0748792 earnings per share for the current fiscal year.

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.