Heroux-Devtek (HRX), the Consumer Goods sector company, has received a rating update from a Wall Street analyst today. RBC Capital’s analyst Derek Spronck reiterates their Buy rating on the shares, with a C$21 price target.
According to TipRanks.com, Spronck is a 4-star analyst with an average return of 7.1% and a 62.1% success rate. Spronck covers the Basic Materials sector, focusing on stocks such as Waste Connections Inc, SNC-Lavalin Group Inc, and Republic Services.
Read also: All Eyes on Disney (DIS) Stock Ahead of Fiscal Q2 Earnings
Heroux-Devtek has an analyst consensus of Moderate Buy, with a price target consensus of C$19.50, representing a 22.0% upside. In a report issued on May 24, Raymond James also maintained a Buy rating on the stock with a C$19.50 price target.
.
Heroux-Devtek’s market cap is currently C$572.4M and has a P/E ratio of 21.6. The company has a Price to Book ratio of 1.46.
Héroux-Devtek, Inc. engages in the design, development, manufacture and overhaul of landing gear systems and components. It also includes 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.
The company’s shares closed on Monday at C$15.99, close to its 52-week high of C$16.75.
