Héroux-Devtek (TSE:HRX) Given New C$25.00 Price Target at National Bankshares

Héroux-Devtek (TSE:HRX) had its target price increased by equities research analysts at National Bankshares from C$23.00 to C$25.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 27.55% from the stock’s previous close.

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

Héroux-Devtek Stock Performance

TSE HRX opened at C$19.60 on Tuesday. The company’s 50 day moving average is C$18.35 and its 200-day moving average is C$16.42. Héroux-Devtek has a 12-month low of C$12.52 and a 12-month high of C$19.92. 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 market cap of C$659.54 million, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63.

Héroux-Devtek (TSE:HRX) last posted its earnings results on Wednesday, February 7th. The company reported C$0.27 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.10. Héroux-Devtek had a net margin of 3.97% and a return on equity of 6.05%. The business had revenue of C$163.52 million for the quarter, compared to analyst estimates of C$148.55 million. Sell-side analysts predict that Héroux-Devtek will post 1.0745934 earnings per share for the current 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.