Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Heico Corporation (HEI) Stock Price
Media headlines about Heico Corporation (NYSE:HEI) have trended somewhat positive this week, Accern reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Heico Corporation earned a news impact score of 0.11 on Accern’s scale. Accern also assigned headlines about the aerospace company an impact score of 47.3726527490497 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- BidaskClub Downgrades Heico Corporation (HEI) to Hold (americanbankingnews.com)
- Heico Corporation’s (HEI) “Hold” Rating Reiterated at Jefferies Group LLC (americanbankingnews.com)
- HEICO’s (HEI) CEO Laurans Mendelson on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Equities Analysts Set Expectations for Heico Corporation’s FY2017 Earnings (HEI) (americanbankingnews.com)
- Jefferies Group Weighs in on Heico Corporation’s FY2017 Earnings (HEI) (americanbankingnews.com)
Shares of Heico Corporation (HEI) traded up 1.20% during trading on Friday, reaching $84.35. 311,604 shares of the company were exchanged. Heico Corporation has a one year low of $52.56 and a one year high of $87.36. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 41.31 and a beta of 0.76. The company has a 50 day moving average price of $81.10 and a 200-day moving average price of $73.02.
Heico Corporation (NYSE:HEI) last issued its quarterly earnings results on Wednesday, August 23rd. The aerospace company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Heico Corporation had a return on equity of 15.94% and a net margin of 12.04%. The firm had revenue of $391.50 million for the quarter, compared to analysts’ expectations of $390.55 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts predict that Heico Corporation will post $2.10 EPS for the current year.
Several research firms have recently weighed in on HEI. BidaskClub cut shares of Heico Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, August 18th. Canaccord Genuity raised their price target on shares of Heico Corporation from $91.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research cut shares of Heico Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Jefferies Group LLC restated a “hold” rating and set a $75.00 price target on shares of Heico Corporation in a report on Monday, June 26th. Finally, Deutsche Bank AG cut shares of Heico Corporation from a “buy” rating to a “hold” rating and raised their price target for the stock from $80.00 to $86.00 in a report on Wednesday, August 16th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $85.13.
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About Heico Corporation
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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