Laurentian Trims Heroux Devtek (TSE:HRX) Target Price to C$13.00
Heroux Devtek (TSE:HRX) had its target price cut by Laurentian from C$18.50 to C$13.00 in a report released on Monday morning, BayStreet.CA reports.
A number of other brokerages have also weighed in on HRX. TD Securities boosted their price objective on shares of Heroux Devtek from C$19.50 to C$22.00 and gave the stock a buy rating in a report on Friday, May 24th. Royal Bank of Canada boosted their price objective on shares of Heroux Devtek from C$21.00 to C$24.00 and gave the stock an outperform rating in a report on Monday. National Bank Financial boosted their price objective on shares of Heroux Devtek from C$18.00 to C$20.00 and gave the stock an outperform rating in a report on Friday, May 24th. Raymond James set a C$19.50 price objective on shares of Heroux Devtek and gave the stock an outperform rating in a report on Thursday, June 20th. Finally, Desjardins lifted their target price on shares of Heroux Devtek from C$21.00 to C$23.00 and gave the stock a buy rating in a research note on Friday, May 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of C$21.33.
Shares of HRX opened at C$17.80 on Monday. The firm has a market cap of $710.88 million and a price-to-earnings ratio of 24.45. The company has a debt-to-equity ratio of 64.42, a quick ratio of 0.93 and a current ratio of 1.95. Heroux Devtek has a fifty-two week low of C$11.05 and a fifty-two week high of C$20.30. The firm has a 50 day moving average price of C$19.47 and a 200-day moving average price of C$16.89.
In related news, Senior Officer Jean Gravel sold 3,300 shares of Heroux Devtek stock in a transaction on Friday, May 31st. The shares were sold at an average price of C$16.86, for a total value of C$55,638.00. Following the transaction, the insider now directly owns 42,921 shares of the company’s stock, valued at C$723,648.06.
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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