Héroux-Devtek (TSE:HRX) Stock Price Passes Above Two Hundred Day Moving Average of $23.13

Héroux-Devtek Inc. (TSE:HRX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$23.13 and traded as high as C$31.32. Héroux-Devtek shares last traded at C$31.32, with a volume of 59,277 shares trading hands.

Analysts Set New Price Targets

HRX has been the topic of a number of analyst reports. TD Securities cut Héroux-Devtek from a “buy” rating to a “sell” rating and lifted their price target for the stock from C$28.00 to C$32.50 in a research note on Friday, July 12th. Desjardins lifted their target price on shares of Héroux-Devtek from C$26.00 to C$37.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. National Bankshares upped their price target on shares of Héroux-Devtek from C$26.00 to C$29.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Finally, Scotiabank raised their price objective on shares of Héroux-Devtek from C$22.50 to C$27.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd.

Héroux-Devtek Price Performance

The company has a current ratio of 2.14, a quick ratio of 0.96 and a debt-to-equity ratio of 48.49. The stock has a 50-day simple moving average of C$29.13 and a 200 day simple moving average of C$23.13. The stock has a market capitalization of C$1.05 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 1.02 and a beta of 1.73.

Héroux-Devtek (TSE:HRX) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$0.39 EPS for the quarter, beating analysts’ consensus estimates of C$0.26 by C$0.13. The firm had revenue of C$174.00 million for the quarter, compared to the consensus estimate of C$159.00 million. Héroux-Devtek had a net margin of 7.07% and a return on equity of 11.18%. On average, equities research analysts forecast that Héroux-Devtek Inc. will post 1.5814777 EPS for the current fiscal 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.