Héroux-Devtek (TSE:HRX) Shares Pass Above 200-Day Moving Average of $19.08

Héroux-Devtek Inc. (TSE:HRX) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$19.08 and traded as high as C$25.50. Héroux-Devtek shares last traded at C$25.20, with a volume of 5,038 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HRX shares. Desjardins boosted 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. Scotiabank upped their price objective on shares of Héroux-Devtek from C$22.50 to C$27.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. National Bankshares raised their target price on Héroux-Devtek from C$26.00 to C$29.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Finally, TD Securities boosted their price target on Héroux-Devtek from C$23.00 to C$28.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd.

Héroux-Devtek Stock Down 0.4 %

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 stock has a market capitalization of C$847.98 million, a price-to-earnings ratio of 36.00, a PEG ratio of 1.02 and a beta of 1.62. The firm’s fifty day moving average is C$22.39 and its 200-day moving average is C$19.08.

Héroux-Devtek (TSE:HRX) last issued its earnings results on Wednesday, May 22nd. The company reported C$0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.31 by C$0.18. Héroux-Devtek had a net margin of 3.97% and a return on equity of 6.05%. The business had revenue of C$184.05 million for the quarter, compared to analyst estimates of C$170.58 million. On average, sell-side analysts predict that Héroux-Devtek Inc. will post 1.1295045 earnings per share for the current year.

Héroux-Devtek Company Profile

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.