Raymond James Boosts Heroux Devtek (HRX) Price Target to C$19.50
Heroux Devtek (TSE:HRX) had its price target boosted by Raymond James from C$17.00 to C$19.50 in a report released on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 23.73% from the company’s previous close.
Several other analysts have also issued reports on the stock. National Bank Financial increased their price target on shares of Heroux Devtek from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Friday. Desjardins increased their price target on shares of Heroux Devtek from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday. TD Securities increased their price target on shares of Heroux Devtek from C$17.50 to C$19.50 and gave the stock a “buy” rating in a research report on Friday, February 8th. Finally, Royal Bank of Canada increased their price target on shares of Heroux Devtek from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Friday, February 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$20.25.
Shares of TSE HRX traded down C$0.23 during trading hours on Friday, hitting C$15.76. 39,615 shares of the stock were exchanged, compared to its average volume of 29,419. The company has a current ratio of 2.21, a quick ratio of 0.91 and a debt-to-equity ratio of 73.44. The firm has a market capitalization of $553.90 million and a price-to-earnings ratio of 28.69. Heroux Devtek has a 1-year low of C$11.05 and a 1-year high of C$16.75.
Heroux Devtek Company Profile
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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