Heico (HEI) Given a $90.00 Price Target at Jefferies Group

Heico (NYSE:HEI) received a $90.00 target price from equities researchers at Jefferies Group in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the aerospace company’s stock. Jefferies Group’s target price indicates a potential upside of 16.11% from the company’s current price.

The analysts wrote, “MaxLinear reported 4Q17 revenue that was in line with guidance while NG EPS beat by a penny. However, 1Q18 revenue guidance came in lower than our forecast reflecting headwinds in the optical, ForceTouch, MoCA, satellite and Industrial & Multi-Market segments. On a positive note, NG GM was better than expected in both 4Q17 results and 1Q18 guidance. Though we remain encouraged by the strong pipeline of upcoming Infrastructure products and their respective potential market opportunities, we lower our EPS estimates for 2018 and 2019 and price target to $30 from $32 to remove risk revenue from our forecast.””

Several other analysts also recently issued reports on the company. SunTrust Banks boosted their price objective on Heico to $76.80 and gave the stock a “buy” rating in a report on Monday, December 4th. Zacks Investment Research upgraded Heico from a “hold” rating to a “buy” rating and set a $79.20 price objective on the stock in a report on Tuesday, December 5th. Credit Suisse Group restated an “outperform” rating and set a $87.20 price objective (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. Canaccord Genuity restated a “buy” rating and set a $88.00 price objective (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, Stephens set a $84.00 price objective on Heico and gave the stock a “hold” rating in a report on Friday, January 19th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $82.00.

Shares of Heico (NYSE HEI) traded up $0.68 during midday trading on Wednesday, reaching $77.51. 196,485 shares of the company’s stock were exchanged, compared to its average volume of 289,834. Heico has a 52 week low of $50.87 and a 52 week high of $85.47. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.54. The firm has a market cap of $8,061.68, a P/E ratio of 45.02, a price-to-earnings-growth ratio of 3.54 and a beta of 0.78.

Heico (NYSE:HEI) last issued its quarterly earnings results on Monday, December 18th. The aerospace company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.04. The company had revenue of $421.22 million during the quarter, compared to the consensus estimate of $408.32 million. Heico had a net margin of 12.20% and a return on equity of 15.70%. Heico’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. sell-side analysts anticipate that Heico will post 2.03 EPS for the current year.

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 in the 4th quarter valued at about $118,000. Captrust Financial Advisors acquired a new position in shares of Heico in the 4th quarter valued at about $129,000. Ironwood Investment Counsel LLC acquired a new position in shares of Heico in the 3rd quarter valued at about $201,000. RKL Wealth Management LLC acquired a new position in shares of Heico in the 3rd quarter valued at about $201,000. Finally, AMP Capital Investors Ltd acquired a new position in shares of Heico in the 4th quarter valued at about $236,000. Institutional investors own 21.18% of the company’s stock.

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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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