Heico (HEI) Upgraded to Buy by Jefferies Group

Heico (NYSE:HEI) was upgraded by equities research analysts at Jefferies Group from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, January 8th, Marketbeat reports. Jefferies Group also issued estimates for Heico’s Q1 2018 earnings at $0.56 EPS, Q2 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.87 EPS, FY2018 earnings at $2.75 EPS, FY2019 earnings at $3.00 EPS and FY2020 earnings at $3.15 EPS.

Several other research analysts have also recently issued reports on HEI. Zacks Investment Research cut Heico from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. SunTrust Banks reiterated a “buy” rating and issued a $92.80 price objective on shares of Heico in a research report on Thursday, December 21st. Credit Suisse Group reiterated an “outperform” rating and issued a $87.20 price objective (up previously from $78.40) on shares of Heico in a research report on Wednesday, December 20th. They noted that the move was a valuation call. Canaccord Genuity reiterated a “buy” rating and issued a $88.00 price objective (up previously from $76.00) on shares of Heico in a research report on Wednesday, December 20th. They noted that the move was a valuation call. Finally, Stephens set a $83.20 price objective on Heico and gave the stock a “hold” rating in a research report on Monday, December 18th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.91.

Shares of Heico (HEI) opened at $81.79 on Monday. 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 $48.00 and a fifty-two week high of $85.47. The firm has a market capitalization of $8,610.96, a price-to-earnings ratio of 47.51, a P/E/G ratio of 3.78 and a beta of 0.73.

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, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.04. Heico had a return on equity of 15.70% and a net margin of 12.20%. The firm had revenue of $421.22 million during the quarter, compared to the consensus estimate of $408.32 million. During the same period last year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. analysts anticipate that Heico will post 2.03 EPS for the current year.

Several hedge funds have recently made changes to their positions in HEI. Comerica Bank purchased a new position in shares of Heico in the second quarter valued at $209,000. Chicago Equity Partners LLC increased its position in shares of Heico by 25.0% in the second quarter. Chicago Equity Partners LLC now owns 6,237 shares of the aerospace company’s stock valued at $448,000 after buying an additional 1,247 shares in the last quarter. Origin Asset Management LLP increased its position in shares of Heico by 25.0% in the second quarter. Origin Asset Management LLP now owns 3,551 shares of the aerospace company’s stock valued at $255,000 after buying an additional 710 shares in the last quarter. King Luther Capital Management Corp increased its position in shares of Heico by 15.9% in the second quarter. King Luther Capital Management Corp now owns 14,233 shares of the aerospace company’s stock valued at $1,022,000 after buying an additional 1,950 shares in the last quarter. Finally, Nicholas Company Inc. increased its position in shares of Heico by 22.3% in the second quarter. Nicholas Company Inc. now owns 80,403 shares of the aerospace company’s stock valued at $5,776,000 after buying an additional 14,683 shares in the last quarter. Institutional investors and hedge funds own 21.22% 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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