Heroux-Devtek Inc. (HRX) Stock Rating Upgraded by 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 research note published on Friday morning.

Several other research analysts also recently commented on the stock. TD Securities reissued a hold rating and set a C$17.00 price target on shares of Heroux-Devtek in a research note on Monday, August 8th. Scotiabank reaffirmed an outperform rating and issued a C$18.00 target price on shares of Heroux-Devtek in a research note on Friday, August 5th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of C$16.95.

Shares of Heroux-Devtek (TSE:HRX) opened at 13.67 on Friday. The company has a market capitalization of $492.79 million and a price-to-earnings ratio of 18.23. The stock has a 50 day moving average of $13.71 and a 200-day moving average of $14.55. Heroux-Devtek has a 1-year low of $11.70 and a 1-year high of $16.00.

About Heroux-Devtek

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.

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