Heico (NYSE:HEI) Price Target Raised to $441.00 at Citigroup

Heico (NYSE:HEI) had its target price boosted by research analysts at Citigroup from $429.00 to $441.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Citigroup’s price objective would indicate a potential upside of 31.70% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. Zacks Research raised shares of Heico from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 9th. Morgan Stanley set a $370.00 target price on shares of Heico in a research report on Wednesday, July 15th. Wells Fargo & Company set a $350.00 price target on shares of Heico and gave the stock an “equal weight” rating in a report on Monday, June 1st. Royal Bank Of Canada increased their price target on shares of Heico from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, Weiss Ratings raised shares of Heico from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Heico presently has a consensus rating of “Moderate Buy” and a consensus price target of $382.43.

Heico Price Performance

Heico stock traded down $2.17 during mid-day trading on Friday, reaching $334.84. 75,965 shares of the company were exchanged, compared to its average volume of 596,024. The firm has a market cap of $46.76 billion, a PE ratio of 55.71, a PEG ratio of 3.49 and a beta of 1.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.92 and a quick ratio of 1.36. The company has a fifty day simple moving average of $353.85 and a 200-day simple moving average of $321.45. Heico has a 12 month low of $256.11 and a 12 month high of $376.86.

Heico (NYSE:HEI) last released its earnings results on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.16. Heico had a return on equity of 18.41% and a net margin of 16.38%.The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the company posted $1.26 EPS. The company’s revenue was up 23.1% compared to the same quarter last year. As a group, equities research analysts expect that Heico will post 6.02 earnings per share for the current fiscal year.

Insider Transactions at Heico

In other news, CAO Bradley K. Rowen sold 1,326 shares of Heico stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total transaction of $320,401.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Heico

A number of institutional investors have recently added to or reduced their stakes in HEI. IFC & Insurance Marketing Inc. acquired a new position in shares of Heico during the fourth quarter worth $26,000. CBIZ Investment Advisory Services LLC lifted its holdings in Heico by 1,000.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after buying an additional 80 shares during the period. Birchwood Financial Partners Inc. acquired a new position in Heico during the 4th quarter worth about $32,000. Miller Capital Partners Inc. bought a new stake in shares of Heico in the 4th quarter valued at about $70,000. Finally, BNP Paribas acquired a new stake in shares of Heico in the fourth quarter valued at about $79,000. 27.12% of the stock is owned by institutional investors.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.