Heico (NYSE:HEI)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity in a report released on Wednesday, December 20th, The Fly reports. They currently have a $110.00 price target on the aerospace company’s stock, up from their previous price target of $95.00. Canaccord Genuity’s price objective indicates a potential upside of 13.29% from the stock’s current price. The analysts noted that the move was a valuation call.
A number of other equities analysts have also recently weighed in on the company. Stephens set a $104.00 price target on Heico and gave the stock a “hold” rating in a report on Monday, December 18th. Zacks Investment Research raised Heico from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Tuesday, December 5th. SunTrust Banks increased their target price on Heico to $96.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Finally, Seaport Global Securities began coverage on Heico in a research note on Tuesday, September 12th. They set a “neutral” rating and a $90.00 target price on the stock. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $99.78.
Heico (NYSE HEI) traded up $0.98 during midday trading on Wednesday, hitting $97.10. The stock had a trading volume of 185,234 shares, compared to its average volume of 290,897. The stock has a market cap of $8,117.81, a PE ratio of 45.12, a PEG ratio of 3.47 and a beta of 0.73. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.54. Heico has a fifty-two week low of $60.00 and a fifty-two week high of $101.40.
Heico (NYSE:HEI) last released its quarterly earnings results on Monday, December 18th. The aerospace company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $421.22 million during 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 company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. analysts expect that Heico will post 2.62 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Suntrust Banks Inc. raised its position in Heico by 1.5% in the 2nd quarter. Suntrust Banks Inc. now owns 12,918 shares of the aerospace company’s stock valued at $927,000 after purchasing an additional 194 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Heico by 24.7% during the 2nd quarter. D.A. Davidson & CO. now owns 2,536 shares of the aerospace company’s stock worth $182,000 after acquiring an additional 502 shares in the last quarter. Virtu KCG Holdings LLC raised its position in shares of Heico by 24.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 3,302 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 639 shares in the last quarter. 1st Global Advisors Inc. raised its position in shares of Heico by 24.8% during the 2nd quarter. 1st Global Advisors Inc. now owns 3,383 shares of the aerospace company’s stock worth $243,000 after acquiring an additional 672 shares in the last quarter. Finally, Origin Asset Management LLP raised its position in shares of Heico by 25.0% during the 2nd quarter. Origin Asset Management LLP now owns 3,551 shares of the aerospace company’s stock worth $255,000 after acquiring an additional 710 shares in the last quarter. 26.93% of the stock is currently owned by institutional investors.
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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.
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