Heico Corp.’s (HEI) Hold Rating Reiterated at Gabelli
Heico Corp. (NYSE:HEI)‘s stock had its “hold” rating restated by stock analysts at Gabelli in a research report issued on Tuesday.
Several other research analysts also recently commented on the company. Zacks Investment Research upgraded Heico Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Canaccord Genuity reiterated a “buy” rating and set a $82.00 target price on shares of Heico Corp. in a research note on Thursday, September 1st. Bank of America Corp. downgraded Heico Corp. from a “buy” rating to a “neutral” rating and set a $75.00 target price for the company. in a research note on Tuesday, August 30th. They noted that the move was a valuation call. Credit Suisse Group AG lifted their target price on Heico Corp. from $62.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, August 25th. Finally, Jefferies Group reiterated a “hold” rating and set a $72.00 target price on shares of Heico Corp. in a research note on Thursday, August 25th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Heico Corp. presently has a consensus rating of “Hold” and an average price target of $74.40.
Heico Corp. (NYSE:HEI) traded up 1.08% on Tuesday, reaching $69.12. The company’s stock had a trading volume of 115,877 shares. Heico Corp. has a 12 month low of $47.24 and a 12 month high of $75.01. The company has a market cap of $4.65 billion, a P/E ratio of 31.28 and a beta of 0.64. The company has a 50-day moving average price of $70.24 and a 200 day moving average price of $65.00.
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Heico Corp. (NYSE:HEI) last posted its quarterly earnings results on Wednesday, August 24th. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The firm had revenue of $356.10 million for the quarter, compared to analyst estimates of $356.35 million. Heico Corp. had a return on equity of 15.99% and a net margin of 11.19%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. On average, equities research analysts anticipate that Heico Corp. will post $2.15 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC increased its stake in Heico Corp. by 4.9% in the first quarter. Aperio Group LLC now owns 8,311 shares of the company’s stock valued at $500,000 after buying an additional 391 shares during the period. Columbia Partners L L C Investment Management bought a new stake in Heico Corp. during the first quarter worth $4,276,000. Markel Corp bought a new stake in Heico Corp. during the second quarter worth $215,000. Hancock Holding Co. increased its stake in Heico Corp. by 0.6% in the first quarter. Hancock Holding Co. now owns 167,225 shares of the company’s stock worth $10,055,000 after buying an additional 990 shares during the last quarter. Finally, Calvert Investment Management Inc. bought a new stake in Heico Corp. during the second quarter worth $224,000. Institutional investors and hedge funds own 28.08% of the company’s stock.
About Heico Corp.
HEICO Corporation is an aerospace and electronics company. The Company provides commercial aircraft replacement parts, aircraft accessories component repair and overhaul services for avionic, electro-mechanical, flight surface, hydraulic and pneumatic applications; distributes aircraft parts, and manufactures other critical aircraft parts.
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