Heroux Devtek Inc (HRX) Receives Average Recommendation of “Buy” from Analysts

Heroux Devtek Inc (TSE:HRX) has been assigned an average rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$17.92.

Several brokerages have issued reports on HRX. Raymond James cut shares of Heroux Devtek from an “outperform” rating to a “market perform” rating and set a C$17.00 target price on the stock. in a report on Friday, May 25th. Laurentian reiterated a “hold” rating and set a C$17.00 target price on shares of Heroux Devtek in a report on Tuesday, May 29th. Royal Bank of Canada increased their target price on shares of Heroux Devtek from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Friday, May 25th. Finally, TD Securities increased their target price on shares of Heroux Devtek from C$16.50 to C$17.50 and gave the stock a “hold” rating in a report on Friday, May 25th.

Shares of Heroux Devtek stock opened at C$15.19 on Friday. Heroux Devtek has a 1 year low of C$12.50 and a 1 year high of C$16.75.

Heroux Devtek (TSE:HRX) last issued its earnings results on Thursday, May 24th. The company reported C$0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.26 by C$0.03. Heroux Devtek had a net margin of 0.65% and a return on equity of 0.69%. The company had revenue of C$113.02 million for the quarter, compared to analysts’ expectations of C$120.00 million.

About Heroux Devtek

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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Analyst Recommendations for Heroux Devtek (TSE:HRX)

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