Press coverage about Heico Corp (NYSE:HEI) has been trending somewhat positive recently, according to AlphaOne. The research group, a division of Accern, ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Heico Corp earned a news impact score of 0.03 on AlphaOne’s scale. AlphaOne also gave media stories about the company an impact score of 88 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted AlphaOne Sentiment’s rankings:
- Heico Corp (HEI) Coverage Initiated at Stephens (americanbankingnews.com)
- EMI Shielding Market – Detailed Analysis of Restrain and Growth Factors (sbwire.com)
- Watching Shares of iShares Interest Rate Hedged Corproate Bond ETF (LQDH) (ibusinesslines.com)
- Heico Corp (HEI) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Heico Corp (HEI) Expected to Announce Quarterly Sales of $372.99 Million (americanbankingnews.com)
Several analysts have weighed in on HEI shares. Credit Suisse Group AG raised Heico Corp from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $68.00 to $86.00 in a research report on Thursday, December 15th. Jefferies Group LLC set a $84.00 price objective on Heico Corp and gave the company a “hold” rating in a research report on Thursday, December 15th. SunTrust Banks, Inc. started coverage on Heico Corp in a research report on Thursday, January 19th. They set a “buy” rating and a $85.00 price objective on the stock. Zacks Investment Research raised Heico Corp from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Friday, February 24th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $100.00 price objective on shares of Heico Corp in a research report on Wednesday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Heico Corp has an average rating of “Buy” and an average target price of $86.29.
Heico Corp (NYSE:HEI) traded down 1.62% during trading on Thursday, hitting $84.30. 64,546 shares of the stock traded hands. Heico Corp has a 12 month low of $59.07 and a 12 month high of $89.02. The firm has a market cap of $5.68 billion, a PE ratio of 34.85 and a beta of 0.52. The firm has a 50-day moving average price of $85.53 and a 200 day moving average price of $77.51.
Heico Corp (NYSE:HEI) last posted its quarterly earnings data on Tuesday, February 28th. The company reported $0.56 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.56. Heico Corp had a net margin of 11.35% and a return on equity of 15.97%. The company had revenue of $343.40 million for the quarter, compared to analyst estimates of $339.29 million. During the same period in the prior year, the company posted $0.49 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts forecast that Heico Corp will post $2.54 EPS for the current fiscal year.
About Heico Corp
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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