Heico Corp (NYSE:HEI) Receives $131.44 Average PT from Brokerages

Shares of Heico Corp (NYSE:HEI) have received a consensus recommendation of “Buy” from the ten research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $131.44.

HEI has been the subject of several recent research reports. Credit Suisse Group cut their price target on Heico from $153.00 to $143.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Robert W. Baird reiterated a “buy” rating and issued a $170.00 price objective on shares of Heico in a research note on Thursday, February 27th. SunTrust Banks lowered their price objective on Heico from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Canaccord Genuity reiterated a “buy” rating and issued a $150.00 price objective (down from $160.00) on shares of Heico in a research note on Wednesday, December 18th. Finally, UBS Group upgraded Heico from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $115.00 to $110.00 in a research note on Friday, February 28th.

Hedge funds have recently added to or reduced their stakes in the company. Peddock Capital Advisors LLC bought a new position in Heico in the 4th quarter valued at $34,000. Panagora Asset Management Inc. acquired a new stake in shares of Heico in the 4th quarter valued at about $45,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Heico in the 4th quarter valued at about $69,000. Quadrant Capital Group LLC raised its stake in shares of Heico by 200.4% in the 4th quarter. Quadrant Capital Group LLC now owns 757 shares of the aerospace company’s stock valued at $84,000 after purchasing an additional 505 shares during the period. Finally, GQ Asset Management LLC raised its stake in shares of Heico by 27.6% in the 3rd quarter. GQ Asset Management LLC now owns 1,349 shares of the aerospace company’s stock valued at $168,000 after purchasing an additional 292 shares during the period. Institutional investors own 26.19% of the company’s stock.

Shares of NYSE HEI traded up $3.10 during trading hours on Friday, hitting $77.67. 1,229,790 shares of the company’s stock were exchanged, compared to its average volume of 858,479. Heico has a 1-year low of $52.01 and a 1-year high of $147.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.39 and a quick ratio of 1.57. The stock has a market capitalization of $10.22 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 2.66 and a beta of 0.72. The company’s 50-day moving average price is $106.68 and its 200-day moving average price is $119.66.

Heico (NYSE:HEI) last posted its quarterly earnings results on Tuesday, February 25th. The aerospace company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.77 by $0.12. The firm had revenue of $506.28 million during the quarter, compared to analysts’ expectations of $505.30 million. Heico had a return on equity of 21.76% and a net margin of 17.68%. On average, research analysts expect that Heico will post 2.44 earnings per share for the current year.

About Heico

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

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Analyst Recommendations for Heico (NYSE:HEI)

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