Stephens Reiterates “$84.00” Price Target for Heico (HEI)

Heico (NYSE:HEI) has been given a $84.00 target price by research analysts at Stephens in a research report issued on Friday. The firm presently has a “hold” rating on the aerospace company’s stock. Stephens’ target price would indicate a potential upside of 6.72% from the company’s current price.

HEI has been the topic of several other research reports. Zacks Investment Research cut Heico from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Jefferies Group upgraded Heico from a “hold” rating to a “buy” rating in a report on Monday, January 8th. SunTrust Banks increased their target price on Heico to $76.80 and gave the stock a “buy” rating in a report on Monday, December 4th. Canaccord Genuity restated a “buy” rating and set a $88.00 target price (up previously from $76.00) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call. Finally, Credit Suisse Group restated an “outperform” rating and set a $87.20 target price (up previously from $78.40) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.91.

Shares of Heico (NYSE:HEI) opened at $78.71 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.16 and a current ratio of 2.53. The company has a market capitalization of $8,309.34, a price-to-earnings ratio of 46.23, a PEG ratio of 3.55 and a beta of 0.73. Heico has a 1-year low of $48.00 and a 1-year high of $81.12.

Heico (NYSE:HEI) last announced its earnings results on Monday, December 18th. The aerospace company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.46 by $0.04. The company had revenue of $421.22 million for the quarter, compared to analysts’ expectations of $408.32 million. Heico had a return on equity of 15.70% and a net margin of 12.20%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. research analysts expect that Heico will post 2.09 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Heico during the fourth quarter valued at $118,000. Janney Montgomery Scott LLC acquired a new position in shares of Heico during the third quarter valued at $871,000. PEAK6 Investments L.P. acquired a new position in shares of Heico during the third quarter valued at $289,000. King Luther Capital Management Corp lifted its stake in shares of Heico by 5.2% during the third quarter. King Luther Capital Management Corp now owns 14,970 shares of the aerospace company’s stock valued at $1,344,000 after acquiring an additional 737 shares during the period. Finally, Invictus RG acquired a new position in shares of Heico during the third quarter valued at $763,000. 26.97% of the stock is currently owned by institutional investors and hedge funds.

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Heico Company Profile

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.

Analyst Recommendations for Heico (NYSE:HEI)

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