Heico Corporation (NYSE:HEI) Stock Has Average Price Target of $392.14

Key Points

• Analyst sentiment is moderately bullish: Heico has a consensus “Moderate Buy” rating from 17 analysts, with an average 12-month price target of $392.14.
• Quarterly results exceeded expectations: Heico reported adjusted EPS of $1.67 versus the $1.51 consensus estimate, while revenue rose 23.1% year over year to $1.41 billion.
• Shares opened at $305.06, compared with a 52-week range of $256.11 to $376.86, and institutional investors currently own 27.12% of the stock.

Heico Corporation (NYSE:HEI - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seventeen research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $392.14.

Several research firms have recently issued reports on HEI. Wall Street Zen raised Heico from a "hold" rating to a "buy" rating in a research note on Monday, August 31st. Jefferies Financial Group set a $430.00 price target on shares of Heico and gave the company a "buy" rating in a report on Wednesday, August 26th. The Goldman Sachs Group reissued a "buy" rating and set a $491.00 price objective on shares of Heico in a research report on Monday, August 31st. Wells Fargo & Company set a $350.00 price objective on shares of Heico and gave the stock an "equal weight" rating in a report on Monday, June 1st. Finally, Guggenheim started coverage on shares of Heico in a research report on Monday, September 14th. They issued a "neutral" rating for the company.

Heico Stock Performance

Heico stock opened at $305.06 on Tuesday. The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. The firm has a market cap of $42.63 billion, a P/E ratio of 50.76, a P/E/G ratio of 2.60 and a beta of 1.04. Heico has a 1-year low of $256.11 and a 1-year high of $376.86. The firm has a 50-day moving average of $338.33 and a 200-day moving average of $319.10.

Heico (NYSE:HEI - Get Free Report) last released its quarterly earnings results on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.16. Heico had a return on equity of 18.00% and a net margin of 16.38%.The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the company posted $1.26 EPS. Heico's quarterly revenue was up 23.1% compared to the same quarter last year. Sell-side analysts expect that Heico will post 6.25 EPS for the current year.

Institutional Trading of Heico

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas purchased a new position in shares of Heico during the 4th quarter worth approximately $79,000. Osterweis Capital Management Inc. bought a new stake in shares of Heico during the second quarter valued at approximately $81,000. Bayban purchased a new stake in Heico in the fourth quarter worth $89,000. Oslo Pensjonsforsikring AS bought a new position in Heico in the first quarter worth $100,000. Finally, Palladiem LLC bought a new position in Heico in the fourth quarter worth $117,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Heico Company Profile

HEICO Corporation is an aerospace, defense, industrial and electronics company that designs, manufactures and distributes products and provides related services for commercial aviation, defense, space, medical, telecommunications and other specialized markets. The company serves original equipment manufacturers, airlines, government agencies, defense contractors and other commercial customers.

HEICO operates through two principal business groups. Its Flight Support Group produces FAA-approved replacement parts and provides aircraft component repair, overhaul and maintenance services.

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