Heico Corp Receives “Buy” Rating from Canaccord Genuity (HEI)
Heico Corp (NYSE:HEI)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity in a research report issued on Thursday. They currently have a $62.00 price objective on the stock, down from their previous price objective of $65.00. Canaccord Genuity’s price target suggests a potential upside of 19.58% from the stock’s previous close.
Heico Corp (NYSE:HEI) traded down 0.29% on Thursday, hitting $51.70. 45,764 shares of the company’s stock traded hands. Heico Corp has a 52 week low of $47.648 and a 52 week high of $65.04. The stock has a 50-day moving average of $51.17 and a 200-day moving average of $55.02. The company has a market cap of $3.438 billion and a price-to-earnings ratio of 29.46.
Heico Corp (NYSE:HEI) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.05. The company had revenue of $291.00 million for the quarter, compared to the consensus estimate of $296.43 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts predict that Heico Corp will post $1.75 earnings per share 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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