Heico Corp Receives Consensus Rating of “Buy” from Brokerages (NYSE:HEI)
Heico Corp (NYSE:HEI) has earned a consensus rating of “Buy” from the thirteen analysts that are presently covering the company, Analyst Ratings News reports. Five analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $58.99.
A number of research firms have recently commented on HEI. Analysts at Canaccord Genuity cut their price target on shares of Heico Corp from $69.00 to $65.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
Shares of Heico Corp (NYSE:HEI) traded down 0.69% during mid-day trading on Thursday, hitting $51.82. The stock had a trading volume of 50,487 shares. Heico Corp has a 52-week low of $37.168 and a 52-week high of $65.04. The stock’s 50-day moving average is $56.61 and its 200-day moving average is $57.09. The company has a market cap of $3.442 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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