Brokerages Set Heico Corporation (HEI) Target Price at $91.33
Heico Corporation (NYSE:HEI) has received a consensus recommendation of “Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $91.33.
A number of brokerages have weighed in on HEI. Zacks Investment Research lowered shares of Heico Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Canaccord Genuity raised their target price on shares of Heico Corporation from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. BidaskClub lowered shares of Heico Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 18th. Jefferies Group LLC restated a “hold” rating and issued a $75.00 target price on shares of Heico Corporation in a research report on Monday, June 26th. Finally, Seaport Global Securities began coverage on shares of Heico Corporation in a research report on Tuesday, September 12th. They issued a “neutral” rating and a $90.00 target price on the stock.
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In other Heico Corporation news, Director Mark H. Hildebrandt purchased 1,316 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were bought at an average price of $76.13 per share, for a total transaction of $100,187.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas S. Irwin sold 20,000 shares of Heico Corporation stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $76.28, for a total transaction of $1,525,600.00. Following the transaction, the vice president now owns 31,110 shares in the company, valued at approximately $2,373,070.80. The disclosure for this sale can be found here. 9.76% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of HEI. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Heico Corporation by 2.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,749 shares of the aerospace company’s stock worth $850,000 after purchasing an additional 234 shares during the period. Clinton Group Inc. acquired a new position in shares of Heico Corporation during the first quarter worth $351,000. OppenheimerFunds Inc. lifted its holdings in shares of Heico Corporation by 11.1% during the first quarter. OppenheimerFunds Inc. now owns 311,710 shares of the aerospace company’s stock worth $27,181,000 after purchasing an additional 31,070 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of Heico Corporation by 31.4% during the first quarter. Loomis Sayles & Co. L P now owns 79,207 shares of the aerospace company’s stock worth $6,907,000 after purchasing an additional 18,920 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Heico Corporation during the first quarter worth $202,000. Institutional investors own 26.41% of the company’s stock.
Heico Corporation (NYSE HEI) traded up 0.71% on Wednesday, reaching $89.51. 130,817 shares of the company traded hands. Heico Corporation has a 52-week low of $52.56 and a 52-week high of $91.32. The company has a market capitalization of $7.56 billion, a PE ratio of 43.83 and a beta of 0.74. The stock has a 50-day moving average of $86.48 and a 200 day moving average of $77.32.
Heico Corporation (NYSE:HEI) last issued its earnings results on Wednesday, August 23rd. The aerospace company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Heico Corporation had a net margin of 12.04% and a return on equity of 15.56%. The firm had revenue of $391.50 million for the quarter, compared to analyst estimates of $390.55 million. During the same quarter last year, the business posted $0.62 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts forecast that Heico Corporation will post $2.10 EPS for the current year.
Heico Corporation 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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