Heico Corp PT Lowered to $65.00 (HEI)
Equities researchers at Canaccord Genuity dropped their target price on shares of Heico Corp (NYSE:HEI) from $69.00 to $65.00 in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 24.57% from the stock’s previous close.
A number of other analysts have also recently weighed in on HEI. Analysts at Jefferies Group cut their price target on shares of Heico Corp from $61.00 to $59.00 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of Heico Corp from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Finally, analysts at Davidson raised their price target on shares of Heico Corp from $52.00 to $55.00 in a research note on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $58.99.
Heico Corp (NYSE:HEI) traded down 0.98% during mid-day trading on Thursday, hitting $51.671. 36,180 shares of the company’s stock traded hands. Heico Corp has a 52-week low of $37.168 and a 52-week high of $65.04. The stock has a 50-day moving average of $56.61 and a 200-day moving average of $57.09. The company has a market cap of $3.432 billion and a P/E ratio of 31.82.
Heico Corp (NYSE:HEI) last released its earnings data on Tuesday, May 20th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.02. Analysts expect that Heico Corp will post $1.74 EPS for the current fiscal year.
HEICO Corporation (NYSE:HEI), through its subsidiaries is the 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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