Heico Corporation (NYSE:HEI.A) Stock Has Consensus Target Price of $388.12 According to Analysts

Shares of Heico Corporation (NYSE:HEI.A) have been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $388.12.

Several equities analysts have issued reports on the stock. UBS Group upped their target price on shares of Heico from $382.00 to $396.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Morgan Stanley reduced their price target on shares of Heico from $365.00 to $345.00 in a research note on Friday, October 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Heico from $421.00 to $425.00 and gave the company a “buy” rating in a report on Friday, August 28th. Zacks Research raised shares of Heico from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Finally, Truist Financial increased their price objective on shares of Heico from $397.00 to $412.00 and gave the company a “buy” rating in a research report on Tuesday, September 8th.

Heico Trading Down 0.4%

Heico stock opened at $249.38 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.72 and a quick ratio of 1.27. Heico has a one year low of $199.35 and a one year high of $279.66. The stock has a market capitalization of $34.85 billion, a PE ratio of 41.50 and a beta of 1.13. The business’s fifty day moving average is $232.53 and its 200 day moving average is $238.81.

Heico (NYSE:HEI.A) last released its quarterly earnings data on Tuesday, August 25th. The company reported $1.67 EPS for the quarter. Heico had a return on equity of 18.00% and a net margin of 16.38%. The company had revenue of $1.41 billion during the quarter.

Insiders Place Their Bets

In related news, Director Julie Neitzel bought 592 shares of the business’s stock in a transaction on Thursday, October 8th. The stock was acquired at an average price of $294.93 per share, with a total value of $174,598.56. Following the transaction, the director owned 1,010 shares in the company, valued at approximately $297,879.30. This trade represents a 141.63% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carol Fine bought 795 shares of the firm’s stock in a transaction on Thursday, October 8th. The shares were bought at an average price of $220.30 per share, with a total value of $175,138.50. Following the completion of the purchase, the director owned 1,467 shares in the company, valued at approximately $323,180.10. The trade was a 118.30% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 5,362 shares of company stock worth $1,225,430 in the last 90 days. Insiders own 9.76% of the company’s stock.

About Heico

HEICO Corporation is a technology-focused manufacturer and service provider serving the aerospace, defense, space, medical, telecommunications and electronics markets. Its products include aircraft replacement parts and specialty components, as well as electronic systems and components used in a range of commercial and government applications.

HEICO operates through two principal groups. The Flight Support Group develops and produces replacement parts for aircraft and provides repair and overhaul services for aircraft components.