Heico Corporation (HEI) Receives Consensus Recommendation of “Hold” from Brokerages
Heico Corporation (NYSE:HEI) has earned a consensus rating of “Hold” from the ten research firms that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $90.29.
Several equities research analysts recently weighed in on HEI shares. Canaccord Genuity reiterated a “buy” rating and set a $80.00 price objective on shares of Heico Corporation in a research note on Monday, May 22nd. Zacks Investment Research upgraded shares of Heico Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Tuesday, May 30th. Jefferies Group LLC reiterated a “hold” rating and set a $75.00 price objective on shares of Heico Corporation in a research note on Monday, June 26th. Deutsche Bank AG lowered shares of Heico Corporation from a “buy” rating to a “hold” rating and increased their price objective for the stock from $80.00 to $86.00 in a research note on Wednesday, August 16th. Finally, BidaskClub lowered shares of Heico Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th.
Shares of Heico Corporation (NYSE HEI) traded up 0.14% during trading on Friday, hitting $85.40. The company’s stock had a trading volume of 333,872 shares. Heico Corporation has a 52 week low of $52.56 and a 52 week high of $87.36. The firm’s 50 day moving average price is $83.38 and its 200-day moving average price is $74.41. The company has a market cap of $7.21 billion, a PE ratio of 41.82 and a beta of 0.76.
Heico Corporation (NYSE:HEI) last released its quarterly earnings data on Wednesday, August 23rd. The aerospace company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. The firm had revenue of $391.50 million for the quarter, compared to analyst estimates of $390.55 million. Heico Corporation had a net margin of 12.04% and a return on equity of 15.56%. Heico Corporation’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share. On average, analysts predict that Heico Corporation will post $2.10 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of HEI. Parkside Financial Bank & Trust grew its position in Heico Corporation by 23.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,482 shares of the aerospace company’s stock worth $106,000 after purchasing an additional 283 shares during the last quarter. D.A. Davidson & CO. grew its position in Heico Corporation by 24.7% in the 2nd quarter. D.A. Davidson & CO. now owns 2,536 shares of the aerospace company’s stock worth $182,000 after purchasing an additional 502 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Heico Corporation in the 1st quarter worth about $202,000. Brown Advisory Securities LLC bought a new position in Heico Corporation in the 1st quarter worth about $202,000. Finally, Comerica Bank bought a new position in Heico Corporation in the 2nd quarter worth about $209,000. Hedge funds and other institutional investors own 26.44% of the company’s stock.
About Heico Corporation
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
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