Heico (NYSE:HEI) has been given a $104.00 price target by equities researchers at Stephens in a research report issued to clients and investors on Monday. The brokerage currently has a “hold” rating on the aerospace company’s stock. Stephens’ price objective would indicate a potential upside of 8.19% from the stock’s previous close.
Several other analysts have also issued reports on HEI. Canaccord Genuity boosted their price objective on shares of Heico from $91.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research lowered shares of Heico from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub lowered shares of Heico from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Jefferies Group restated a “hold” rating and issued a $89.00 price objective (up from $75.00) on shares of Heico in a report on Thursday, August 24th. Finally, Bank of America upgraded shares of Heico from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $75.00 to $95.00 in a report on Tuesday, August 29th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $94.67.
Shares of Heico (HEI) traded up $4.33 on Monday, reaching $96.13. 632,200 shares of the company traded hands, compared to its average volume of 188,668. The stock has a market cap of $8,118.66, a price-to-earnings ratio of 47.40, a P/E/G ratio of 4.36 and a beta of 0.73. Heico has a 12-month low of $60.00 and a 12-month high of $96.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.39 and a current ratio of 2.89.
Several institutional investors have recently made changes to their positions in HEI. Eagle Asset Management lifted its stake in Heico by 112.7% during the third quarter. Eagle Asset Management now owns 184,738 shares of the aerospace company’s stock worth $9,028,000 after purchasing an additional 97,872 shares during the last quarter. Capital Impact Advisors acquired a new position in Heico during the 4th quarter worth $544,000. Fisher Asset Management lifted its holdings in Heico by 0.4% during the 4th quarter. Fisher Asset Management now owns 1,015,834 shares of the aerospace company’s stock worth $55,221,000 after buying an additional 4,141 shares in the last quarter. GW&K Investment Management lifted its holdings in Heico by 11.6% during the 4th quarter. GW&K Investment Management now owns 562,618 shares of the aerospace company’s stock worth $30,584,000 after buying an additional 58,436 shares in the last quarter. Finally, K.J. Harrison & Partners Inc lifted its holdings in Heico by 16.7% during the 4th quarter. K.J. Harrison & Partners Inc now owns 41,900 shares of the aerospace company’s stock worth $2,278,000 after buying an additional 6,000 shares in the last quarter. 26.98% of the stock is owned by institutional investors and hedge funds.
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About Heico
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.
