Heico Corp (NYSE:HEI) Receives $110.08 Average Target Price from Brokerages

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Heico Corp (NYSE:HEI) has been given an average rating of “Buy” by the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $110.08.

Several equities analysts recently weighed in on the stock. Robert W. Baird increased their price target on shares of Heico from $125.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Independent Research reaffirmed a “neutral” rating and issued a $73.00 price target on shares of Heico in a research report on Friday, November 8th. Credit Suisse Group lifted their price target on Heico from $133.00 to $163.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $76.00 price target on shares of Heico in a research report on Tuesday, October 22nd. Finally, Morgan Stanley reaffirmed a “neutral” rating and issued a $77.00 price target on shares of Heico in a research report on Friday, November 8th.

Shares of NYSE HEI traded down $2.10 during trading on Monday, reaching $130.66. The stock had a trading volume of 5,045 shares, compared to its average volume of 468,048. Heico has a fifty-two week low of $71.47 and a fifty-two week high of $147.93. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.44 and a current ratio of 2.98. The business’s 50-day moving average price is $123.08 and its 200-day moving average price is $127.52. The company has a market cap of $17.36 billion, a P/E ratio of 72.41, a PEG ratio of 3.63 and a beta of 0.57.

Heico (NYSE:HEI) last announced its earnings results on Tuesday, August 27th. The aerospace company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Heico had a return on equity of 18.58% and a net margin of 15.55%. The firm had revenue of $532.32 million for the quarter, compared to analysts’ expectations of $510.67 million. During the same quarter in the prior year, the firm earned $0.49 EPS. Heico’s quarterly revenue was up 14.3% on a year-over-year basis. Analysts forecast that Heico will post 2.33 EPS for the current fiscal year.

In related news, insider Eric A. Mendelson bought 949 shares of the stock in a transaction on Tuesday, October 29th. The shares were purchased at an average price of $120.70 per share, for a total transaction of $114,544.30. Following the acquisition, the insider now owns 1,198,939 shares in the company, valued at $144,711,937.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank J. Schwitter bought 1,210 shares of the stock in a transaction on Monday, October 28th. The shares were bought at an average price of $94.82 per share, for a total transaction of $114,732.20. Following the acquisition, the director now owns 1,313 shares in the company, valued at approximately $124,498.66. The disclosure for this purchase can be found here. 9.23% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of HEI. Integrated Wealth Concepts LLC raised its holdings in Heico by 4.4% in the second quarter. Integrated Wealth Concepts LLC now owns 2,238 shares of the aerospace company’s stock worth $299,000 after purchasing an additional 94 shares during the period. PFG Advisors grew its holdings in shares of Heico by 1.0% in the 2nd quarter. PFG Advisors now owns 9,720 shares of the aerospace company’s stock worth $1,348,000 after acquiring an additional 100 shares during the period. Verity Asset Management Inc. grew its holdings in shares of Heico by 2.5% in the 3rd quarter. Verity Asset Management Inc. now owns 5,067 shares of the aerospace company’s stock worth $633,000 after acquiring an additional 122 shares during the period. Wedbush Securities Inc. grew its holdings in shares of Heico by 7.9% in the 3rd quarter. Wedbush Securities Inc. now owns 1,974 shares of the aerospace company’s stock worth $247,000 after acquiring an additional 144 shares during the period. Finally, Blue Chip Wealth Management Inc. grew its holdings in shares of Heico by 8.2% in the 3rd quarter. Blue Chip Wealth Management Inc. now owns 2,115 shares of the aerospace company’s stock worth $264,000 after acquiring an additional 161 shares during the period. Institutional investors and hedge funds own 26.23% of the company’s stock.

Heico Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

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Analyst Recommendations for Heico (NYSE:HEI)

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