Heico Corp (NYSE:HEI)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank AG in a report issued on Wednesday. They currently have a $100.00 target price on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 16.70% from the stock’s previous close.
A number of other analysts have also commented on the company. Jefferies Group LLC reissued a “hold” rating and set a $84.00 price target (up from $72.00) on shares of Heico Corp in a research note on Wednesday, December 21st. SunTrust Banks, Inc. initiated coverage on Heico Corp in a research note on Thursday, January 19th. They set a “buy” rating and a $85.00 price target on the stock. Zacks Investment Research raised Heico Corp from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Friday, February 24th. Finally, Credit Suisse Group AG raised Heico Corp from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $68.00 to $86.00 in a research note on Thursday, December 15th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Heico Corp has an average rating of “Buy” and a consensus target price of $86.29.
Shares of Heico Corp (NYSE:HEI) traded down 1.21% during mid-day trading on Wednesday, reaching $84.65. The company’s stock had a trading volume of 53,971 shares. Heico Corp has a 12 month low of $59.07 and a 12 month high of $89.02. The company has a 50-day moving average of $85.53 and a 200-day moving average of $77.51. The firm has a market cap of $5.70 billion, a PE ratio of 34.99 and a beta of 0.52.
Heico Corp (NYSE:HEI) last announced its quarterly earnings results on Tuesday, February 28th. The company reported $0.56 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.56. Heico Corp had a return on equity of 15.97% and a net margin of 11.35%. The firm had revenue of $343.40 million for the quarter, compared to analyst estimates of $339.29 million. During the same period last year, the firm posted $0.49 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts predict that Heico Corp will post $2.54 earnings per share for the current year.
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Several institutional investors have recently modified their holdings of the company. Turner Investments LLC bought a new position in shares of Heico Corp during the fourth quarter worth about $1,224,000. Bell State Bank & Trust increased its position in shares of Heico Corp by 6.3% in the third quarter. Bell State Bank & Trust now owns 3,688 shares of the company’s stock worth $255,000 after buying an additional 220 shares during the period. FineMark National Bank & Trust increased its position in shares of Heico Corp by 35.6% in the third quarter. FineMark National Bank & Trust now owns 1,644 shares of the company’s stock worth $114,000 after buying an additional 432 shares during the period. Suntrust Banks Inc. increased its position in shares of Heico Corp by 24.4% in the third quarter. Suntrust Banks Inc. now owns 10,657 shares of the company’s stock worth $736,000 after buying an additional 2,093 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Heico Corp by 70.7% in the third quarter. Schroder Investment Management Group now owns 22,700 shares of the company’s stock worth $1,571,000 after buying an additional 9,400 shares during the period. Institutional investors own 26.19% of the company’s stock.
Heico Corp Company Profile
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
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