Heico Corporation (NYSE:HEI) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Seventeen brokerages give Heico a consensus recommendation of "Moderate Buy" (nine Buy, eight Hold) with an average 1‑year price target of about $358.71.
• Analyst views are mixed recently: Citigroup cut its target from $400 to $323 (maintaining Buy), Wells Fargo initiated at Equal Weight with a $290 target, and firms including Wall Street Zen and Weiss Ratings downgraded HEI to Hold.
• Heico beat the quarter with EPS $1.35 vs. $1.26 expected and revenue of $1.18B (+14.4% y/y); the stock trades near $269, with a market cap of ~$37.5B and a P/E of ~53.2.

Shares of Heico Corporation (NYSE:HEI - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seventeen brokerages that are covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $358.7143.

HEI has been the topic of several research reports. Citigroup dropped their price objective on shares of Heico from $400.00 to $323.00 and set a "buy" rating on the stock in a research note on Thursday, April 2nd. Wells Fargo & Company initiated coverage on shares of Heico in a research note on Wednesday, April 1st. They issued an "equal weight" rating and a $290.00 price objective on the stock. Wall Street Zen lowered shares of Heico from a "buy" rating to a "hold" rating in a research note on Sunday, March 8th. Weiss Ratings lowered shares of Heico from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 22nd. Finally, Susquehanna initiated coverage on shares of Heico in a research note on Friday, January 23rd. They issued a "neutral" rating and a $385.00 price objective on the stock.

Heico Stock Down 0.4%

NYSE HEI opened at $268.97 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.06 and a quick ratio of 1.41. The company's 50 day simple moving average is $291.99 and its 200 day simple moving average is $313.34. Heico has a 12 month low of $256.11 and a 12 month high of $361.69. The company has a market capitalization of $37.53 billion, a P/E ratio of 53.16, a PEG ratio of 3.30 and a beta of 0.95.

Heico (NYSE:HEI - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.09. Heico had a net margin of 15.38% and a return on equity of 16.57%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The firm's revenue was up 14.4% compared to the same quarter last year. Equities research analysts expect that Heico will post 5.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Heico news, Director Julie Neitzel sold 676 shares of the company's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total value of $150,748.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 4.86% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. IFC & Insurance Marketing Inc. bought a new stake in Heico in the fourth quarter worth approximately $26,000. Westside Investment Management Inc. grew its position in Heico by 100.0% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company's stock worth $28,000 after acquiring an additional 43 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its position in Heico by 1,000.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company's stock worth $28,000 after acquiring an additional 80 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in Heico in the third quarter worth approximately $29,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in Heico in the third quarter worth approximately $31,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company's offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.

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