Heico (NYSE:HEI)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse Group in a research note issued on Wednesday, December 20th, The Fly reports. They presently have a $109.00 target price on the aerospace company’s stock, up from their previous target price of $98.00. Credit Suisse Group’s target price indicates a potential upside of 12.26% from the company’s previous close. The analysts noted that the move was a valuation call.
HEI has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of Heico from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Canaccord Genuity raised their price target on shares of Heico from $91.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Seaport Global Securities began coverage on shares of Heico in a report on Tuesday, September 12th. They set a “neutral” rating and a $90.00 price target on the stock. Finally, BidaskClub downgraded shares of Heico from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $99.78.
Heico (NYSE HEI) traded up $0.98 during trading hours on Wednesday, hitting $97.10. 185,234 shares of the stock were exchanged, compared to its average volume of 290,897. The stock has a market cap of $8,117.81, a P/E ratio of 45.12, a PEG ratio of 3.47 and a beta of 0.73. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.54. Heico has a 12-month low of $60.00 and a 12-month high of $101.40.
Heico (NYSE:HEI) last announced its quarterly earnings data on Monday, December 18th. The aerospace company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Heico had a net margin of 12.20% and a return on equity of 15.70%. The company had revenue of $421.22 million for the quarter, compared to the consensus estimate of $408.32 million. During the same period in the prior year, the firm posted $0.65 EPS. Heico’s revenue for the quarter was up 15.9% on a year-over-year basis. analysts expect that Heico will post 2.62 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its holdings in Heico by 3.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 674,898 shares of the aerospace company’s stock valued at $48,483,000 after buying an additional 24,299 shares in the last quarter. Copeland Capital Management LLC grew its holdings in Heico by 0.3% during the 3rd quarter. Copeland Capital Management LLC now owns 384,041 shares of the aerospace company’s stock valued at $34,491,000 after buying an additional 1,108 shares in the last quarter. Fred Alger Management Inc. grew its holdings in Heico by 23.7% during the 2nd quarter. Fred Alger Management Inc. now owns 380,992 shares of the aerospace company’s stock valued at $27,370,000 after buying an additional 72,901 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in Heico by 54.9% during the 2nd quarter. Artisan Partners Limited Partnership now owns 283,149 shares of the aerospace company’s stock valued at $20,341,000 after buying an additional 100,315 shares in the last quarter. Finally, Hancock Holding Co. grew its holdings in Heico by 0.9% during the 2nd quarter. Hancock Holding Co. now owns 167,516 shares of the aerospace company’s stock valued at $12,034,000 after buying an additional 1,501 shares in the last quarter. Institutional investors own 26.93% of the company’s stock.
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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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