Heico Corp. Coverage Initiated by Analysts at Jefferies Group (HEI)
Equities researchers at Jefferies Group assumed coverage on shares of Heico Corp. (NYSE:HEI) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at CRT Capital downgraded shares of Heico Corp. from a “buy” rating to a “fair value” rating in a research note to investors on Wednesday, October 2nd. They now have a $72.00 price target on the stock, up previously from $58.00. Separately, analysts at Raymond James raised their price target on shares of Heico Corp. from $55.00 to $66.00 in a research note to investors on Friday, August 30th. They now have an “outperform” rating on the stock. Finally, analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Heico Corp. in a research note to investors on Thursday, August 29th. They now have a $70.00 price target on the stock, up previously from $60.00. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $57.05.
Shares of Heico Corp. (NYSE:HEI) opened at 63.38 on Thursday. Heico Corp. has a 52 week low of $37.35 and a 52 week high of $70.11. The stock has a 50-day moving average of $64.39 and a 200-day moving average of $53.62. The company has a market cap of $3.365 billion and a P/E ratio of 35.02.
Heico Corp. (NYSE:HEI) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.07. The company had revenue of $267.10 million for the quarter, compared to the consensus estimate of $252.99 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts predict that Heico Corp. will post $1.86 earnings per share for the current fiscal year.
HEICO Corporation (NYSE:HEI) is a manufacturer of Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors.
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