Heico Corp. Now Covered by Analysts at Topeka Capital Markets (HEI)
Equities research analysts at Topeka Capital Markets started coverage on shares of Heico Corp. (NYSE:HEI) in a research note issued to investors on Wednesday, American Banking and Market News reports. The firm set a “buy” rating on the stock.
Shares of Heico Corp. (NYSE:HEI) traded up 0.90% during mid-day trading on Wednesday, hitting $59.28. The stock had a trading volume of 40,916 shares. Heico Corp. has a 52-week low of $32.608 and a 52-week high of $62.30. The stock has a 50-day moving average of $57.63 and a 200-day moving average of $52.32. The company has a market cap of $3.936 billion and a price-to-earnings ratio of 38.40.
Heico Corp. (NYSE:HEI) last issued its quarterly earnings data on Tuesday, December 17th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.03. The company had revenue of $287.42 million for the quarter, compared to the consensus estimate of $273.43 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. Analysts expect that Heico Corp. will post $1.72 EPS for the current fiscal year.
A number of other firms have also recently commented on HEI. Analysts at Ned Davis Research downgraded shares of Heico Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 23rd. Separately, analysts at DA Davidson raised their price target on shares of Heico Corp. from $48.00 to $52.00 in a research note to investors on Thursday, December 19th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Heico Corp. from $53.00 to $61.00 in a research note to investors on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $56.66.
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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