Heico Corp. Receives New Coverage from Analysts at Canaccord Genuity (HEI)
Equities research analysts at Canaccord Genuity assumed coverage on shares of Heico Corp. (NYSE:HEI) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $66.00 price target on the stock. Canaccord Genuity’s target price indicates a potential upside of 14.07% from the stock’s previous close. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. Analysts at KeyCorp upgraded shares of Heico Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $68.00 price target on the stock. Separately, analysts at Topeka Capital Markets initiated coverage on shares of Heico Corp. in a research note on Wednesday, January 22nd. They set a “buy” rating on the stock. Finally, analysts at Ned Davis Research downgraded shares of Heico Corp. from a “buy” rating to a “neutral” rating in a research note on Monday, December 23rd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Heico Corp. has a consensus rating of “Buy” and a consensus target price of $58.54.
Shares of Heico Corp. (NYSE:HEI) traded up 0.36% on Wednesday, hitting $58.07. The stock had a trading volume of 30,907 shares. Heico Corp. has a 52 week low of $32.608 and a 52 week high of $62.30. The stock’s 50-day moving average is $55.71 and its 200-day moving average is $53.72. The company has a market cap of $3.856 billion and a P/E ratio of 37.82.
Heico Corp. (NYSE:HEI) last posted its quarterly earnings results 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.
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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