Heico (NYSE:HEI.A) Stock Jumps 0.9% – Should You Buy?

Shares of Heico Corporation (NYSE:HEI.A) were up 0.9% during mid-day trading on Friday. The company traded as high as $223.55 and last traded at $222.97. Approximately 279,257 shares were traded during trading, a decline of 19% from the average daily volume of 346,874 shares. The stock had previously closed at $221.07.

Analysts Set New Price Targets

Separately, Zacks Research raised Heico from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Heico Stock Performance

The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $31.16 billion, a price-to-earnings ratio of 37.10 and a beta of 1.13. The stock’s 50 day moving average price is $243.55 and its two-hundred day moving average price is $237.31.

Heico (NYSE:HEI.A) last announced its quarterly earnings data on Tuesday, August 25th. The company reported $1.67 EPS for the quarter. The firm had revenue of $1.41 billion during the quarter. Heico had a net margin of 16.38% and a return on equity of 18.00%. On average, analysts forecast that Heico Corporation will post 6.25 EPS for the current year.

About Heico

HEICO Corporation is an aerospace, defense, electronics and medical technology company headquartered in Hollywood, Florida. Founded in 1957, the company develops, manufactures and sells products and services used by commercial and business aircraft operators, defense contractors, space and satellite companies, medical equipment manufacturers, telecommunications providers and other industrial customers.

HEICO operates through two principal business groups. Its Flight Support Group produces aircraft replacement parts and related components, including FAA-approved parts, as well as specialty products and services for the aviation industry.