Raymond James upgraded Heroux-Devtek Inc (TSE:HRX) from Market Perform to Outperform in a report released earlier today.
- Updated: October 7, 2016
Yesterday Heroux-Devtek Inc (TSE:HRX) traded 2.08% higher at $13.73. The company’s 50-day moving average is $13.74 and its 200-day moving average is $14.53. The last closing price is down -5.49% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 8,325 shares of the stock traded hands, down from an average trading volume of 17,764
Raymond James has upgraded Heroux-Devtek Inc (TSE:HRX) from Market Perform to Outperform in a statement released on 10/7/2016.
Previously on 8/11/2015, TD Securities reported on Heroux-Devtek Inc (TSE:HRX) increased the target price from $12.00 to $13.00. At the time, this indicated a possible upside of 0.15%.
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Heroux-Devtek Inc has a 52 week low of $11.70 and a 52 week high of $16.00 with a P/E ratio of 18.31 The company’s market cap is currently $0.
In addition to Raymond James reporting its target, a total of 5 equity analysts have issued a ratings update on Heroux-Devtek Inc. The 12-month price target is $13.16 with one broker rating the stock a strong buy, 2 firms rating the stock a buy, 2 firms rating the stock a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
General Company Details For Heroux-Devtek Inc (TSE:HRX)
Heroux-Devtek Inc. specializes in the design, development, manufacture and repair, and overhaul of landing gear and actuation systems and components for the aerospace market. The Company also 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. In the commercial sector, it operates in commercial and business jet, regional aircraft and helicopter markets. On the defense side, it provides parts and services for military aircraft in the United States and Europe. Its facilities are involved in the design and fabrication of landing gear systems and components with the exception of the Toronto facility, which manufactures electronic enclosures, heat exchangers and cabinets for airborne radar, electro-optic systems and aircraft controls, and the Bolton facility, which manufactures fluid filters for aircraft engines.
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