Heroux Devtek Inc (HRX) Upgraded to Outperform at Raymond James Financial, Inc.
Raymond James Financial, Inc. upgraded shares of Heroux Devtek Inc (TSE:HRX) from a market perform rating to an outperform rating in a report published on Wednesday morning. The brokerage currently has C$16.00 target price on the stock, up from their prior target price of C$13.00.
A number of other equities research analysts have also weighed in on the stock. Royal Bank Of Canada started coverage on shares of Heroux Devtek in a report on Thursday, June 15th. They set an outperform rating and a C$17.00 price objective on the stock. Scotiabank dropped their price objective on shares of Heroux Devtek from C$15.00 to C$14.50 and set an outperform rating on the stock in a report on Tuesday, August 8th. Desjardins raised shares of Heroux Devtek from a hold rating to a buy rating and boosted their price objective for the company from C$15.00 to C$18.00 in a report on Tuesday. Finally, TD Securities boosted their price objective on shares of Heroux Devtek from C$14.00 to C$15.50 and gave the company a hold rating in a report on Tuesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of C$16.33.
Heroux Devtek (TSE HRX) traded down 0.97% during trading on Wednesday, hitting $14.23. The stock had a trading volume of 6,448 shares. The firm has a 50 day moving average of $13.15 and a 200-day moving average of $13.06. Heroux Devtek has a 12 month low of $11.06 and a 12 month high of $16.05. The stock has a market cap of $514.24 million and a price-to-earnings ratio of 16.78.
Heroux Devtek Company Profile
Heroux Devtek Inc is a Canada-based company engaged in the design, development, manufacture, repair and overhaul of landing gear and actuation systems and components for the aerospace market. It manufactures electronic enclosures, heat exchangers and cabinets for airborne radar, electro-optic systems and aircraft controls through its Magtron operations, as well as fluid filters products through its Bolton operations.
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