Héroux-Devtek (TSE:HRX) Reaches New 12-Month High - Here's Why

Héroux-Devtek Inc. (TSE:HRX - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as C$32.17 and last traded at C$32.14, with a volume of 8044 shares changing hands. The stock had previously closed at C$32.15.

Analysts Set New Price Targets

Separately, TD Securities cut shares of Héroux-Devtek from a "buy" rating to a "sell" rating and lifted their price objective for the company from C$28.00 to C$32.50 in a report on Friday, July 12th.

Héroux-Devtek Trading Down 0.1 %

The company's 50-day moving average price is C$31.68 and its 200-day moving average price is C$26.86. The firm has a market cap of C$1.08 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 1.02 and a beta of 1.72. The company has a quick ratio of 0.96, a current ratio of 2.14 and a debt-to-equity ratio of 48.49.

Héroux-Devtek (TSE:HRX - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported C$0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.26 by C$0.13. Héroux-Devtek had a net margin of 7.07% and a return on equity of 11.18%. The business had revenue of C$174.00 million for the quarter, compared to analyst estimates of C$159.00 million. Equities analysts expect that Héroux-Devtek Inc. will post 1.640041 EPS for the current fiscal 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.