Héroux-Devtek Inc. (TSE:HRX – Get Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$32.14 and last traded at C$32.13, with a volume of 25640 shares traded. The stock had previously closed at C$32.10.
Analyst Upgrades and Downgrades
Separately, TD Securities downgraded shares of Héroux-Devtek from a “buy” rating to a “sell” rating and upped their price target for the company from C$28.00 to C$32.50 in a research report on Friday, July 12th.
View Our Latest Stock Analysis on Héroux-Devtek
Héroux-Devtek Stock Performance
Héroux-Devtek (TSE:HRX – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.13. The business had revenue of C$174.00 million during the quarter, compared to analyst estimates of C$159.00 million. Héroux-Devtek had a net margin of 7.07% and a return on equity of 11.18%. Research analysts forecast that Héroux-Devtek Inc. will post 1.640041 earnings per share for the current 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.
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