Wells Fargo & Company Begins Coverage on HEICO (NYSE:HEI)

Stock analysts at Wells Fargo & Company began coverage on shares of HEICO (NYSE:HEI - Get Free Report) in a report released on Tuesday, Marketbeat Ratings reports. The brokerage set an "equal weight" rating and a $244.00 price target on the aerospace company's stock. Wells Fargo & Company's price objective indicates a potential downside of 0.24% from the stock's previous close.

A number of other equities analysts also recently weighed in on HEI. William Blair reaffirmed an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft reduced their target price on HEICO from $271.00 to $266.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. KeyCorp started coverage on HEICO in a research note on Thursday, January 16th. They set a "sector weight" rating for the company. Finally, Truist Financial lifted their price objective on HEICO from $282.00 to $294.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $267.36.

HEICO Trading Down 1.0 %

Shares of HEI traded down $2.57 on Tuesday, hitting $244.58. 548,199 shares of the stock traded hands, compared to its average volume of 461,006. The firm has a market capitalization of $33.98 billion, a P/E ratio of 66.83, a P/E/G ratio of 3.10 and a beta of 1.07. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO has a 1 year low of $197.98 and a 1 year high of $283.60. The stock's 50 day moving average is $250.19 and its two-hundred day moving average is $250.66.

HEICO (NYSE:HEI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $983.10 million. As a group, sell-side analysts predict that HEICO will post 4.2 earnings per share for the current year.

Hedge Funds Weigh In On HEICO

Several hedge funds and other institutional investors have recently modified their holdings of HEI. Compass Financial Services Inc bought a new position in HEICO during the 4th quarter valued at $26,000. NBC Securities Inc. bought a new stake in HEICO in the first quarter worth about $27,000. Banque Transatlantique SA bought a new position in shares of HEICO during the 4th quarter valued at about $44,000. Atwood & Palmer Inc. acquired a new position in shares of HEICO in the 1st quarter worth approximately $80,000. Finally, Berbice Capital Management LLC bought a new stake in shares of HEICO in the 4th quarter worth approximately $95,000. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.