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Heico Corp (NYSE:HEI) was downgraded by Bank of America to an “underperform” rating in a research note issued on Friday.

Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Heico Corp in a research note on Thursday, August 28th. They now have a $62.00 price target on the stock, down previously from $65.00. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Heico Corp currently has an average rating of “Buy” and a consensus target price of $60.00.

Shares of Heico Corp (NYSE:HEI) opened at 50.57 on Friday. 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 $51.36 and a 200-day moving average of $54.96. The company has a market cap of $3.364 billion and a P/E ratio of 29.23.

Heico Corp (NYSE:HEI) last announced its earnings results on Tuesday, August 26th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Heico Corp will post $1.77 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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