Heico Corp Given Consensus Rating of “Buy” by Analysts (NYSE:HEI)
Heico Corp (NYSE:HEI) has earned a consensus rating of “Buy” from the ten analysts that are currently covering the stock, ARN reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $60.75.
Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Heico Corp in a research note on Thursday. They now have a $62.00 price target on the stock, down previously from $65.00.
Shares of Heico Corp (NYSE:HEI) traded up 0.20% on Friday, hitting $51.835. The stock had a trading volume of 21,636 shares. Heico Corp has a 52 week low of $48.54 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 $55.00. The company has a market cap of $3.447 billion and a price-to-earnings ratio of 29.39.
Heico Corp (NYSE:HEI) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.43 earnings per share. Heico Corp’s revenue was up 8.9% compared to the same quarter last year. Analysts expect that Heico Corp will post $1.76 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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