Héroux-Devtek (TSE:HRX) Shares Pass Above 200 Day Moving Average of $16.13

Héroux-Devtek Inc. (TSE:HRXGet Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$16.13 and traded as high as C$17.96. Héroux-Devtek shares last traded at C$17.91, with a volume of 7,539 shares traded.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HRX shares. National Bankshares boosted their target price on Héroux-Devtek from C$19.00 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. TD Securities upgraded Héroux-Devtek from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$19.00 to C$23.00 in a report on Thursday, February 8th. Desjardins upped their price objective on Héroux-Devtek from C$21.00 to C$26.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Scotiabank lifted their target price on Héroux-Devtek from C$19.50 to C$21.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th.

Check Out Our Latest Stock Analysis on Héroux-Devtek

Héroux-Devtek Trading Up 0.3 %

The stock’s 50-day moving average price is C$17.30 and its 200 day moving average price is C$16.13. The company has a debt-to-equity ratio of 54.60, a current ratio of 2.19 and a quick ratio of 0.96. The firm has a market capitalization of C$602.67 million, a PE ratio of 25.59, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63.

Héroux-Devtek (TSE:HRXGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported C$0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.17 by C$0.10. The company had revenue of C$163.52 million for the quarter, compared to analysts’ expectations of C$148.55 million. Héroux-Devtek had a return on equity of 6.05% and a net margin of 3.97%. On average, sell-side analysts expect that Héroux-Devtek Inc. will post 1.0748792 EPS for the current fiscal year.

About Héroux-Devtek

(Get Free Report)

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.

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