Heico (NYSE:HEI) Earns Neutral Rating from Independent Research

Heico (NYSE:HEI)‘s stock had its “neutral” rating reiterated by research analysts at Independent Research in a research note issued to investors on Friday, Stock Target Advisor reports. They presently have a $73.00 target price on the aerospace company’s stock. Independent Research’s price objective would suggest a potential downside of 40.01% from the stock’s previous close.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

A number of other equities research analysts also recently issued reports on HEI. Robert W. Baird increased their price objective on shares of Heico from $125.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. Barclays restated a “neutral” rating and issued a $72.00 price target on shares of Heico in a research note on Thursday, October 17th. Bank of America downgraded shares of Heico from a “buy” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research note on Thursday, July 11th. They noted that the move was a valuation call. Credit Suisse Group raised their price target on shares of Heico from $133.00 to $163.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. They noted that the move was a valuation call. Finally, UBS Group downgraded shares of Heico from a “neutral” rating to a “sell” rating and raised their price target for the company from $120.00 to $134.00 in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $110.08.

Heico stock traded up $0.26 during trading hours on Friday, reaching $121.69. 333,991 shares of the stock were exchanged, compared to its average volume of 469,676. The company has a market cap of $16.38 billion, a P/E ratio of 67.23, a price-to-earnings-growth ratio of 3.44 and a beta of 0.57. The company has a current ratio of 2.98, a quick ratio of 1.44 and a debt-to-equity ratio of 0.39. Heico has a twelve month low of $71.47 and a twelve month high of $147.93. The stock has a 50 day moving average of $122.85 and a two-hundred day moving average of $126.18.

Heico (NYSE:HEI) last announced its quarterly earnings data on Tuesday, August 27th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $532.32 million for the quarter, compared to the consensus estimate of $510.67 million. Heico had a net margin of 15.55% and a return on equity of 18.58%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. On average, analysts expect that Heico will post 2.31 earnings per share for the current fiscal year.

In other news, Director Frank J. Schwitter purchased 1,210 shares of the stock in a transaction on Monday, October 28th. The stock was purchased at an average price of $94.82 per share, for a total transaction of $114,732.20. Following the acquisition, the director now owns 1,313 shares in the company, valued at $124,498.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eric A. Mendelson acquired 949 shares of the stock in a transaction dated Tuesday, October 29th. The stock was bought at an average price of $120.70 per share, with a total value of $114,544.30. Following the purchase, the insider now directly owns 1,198,939 shares in the company, valued at $144,711,937.30. The disclosure for this purchase can be found here. 9.23% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Griffin Asset Management Inc. bought a new stake in shares of Heico in the 2nd quarter valued at $31,000. Doyle Wealth Management bought a new stake in shares of Heico in the 2nd quarter valued at $171,000. Ibex Investors LLC bought a new stake in shares of Heico in the 2nd quarter valued at $229,000. FineMark National Bank & Trust bought a new stake in shares of Heico in the 2nd quarter valued at $239,000. Finally, Nwam LLC bought a new stake in shares of Heico in the 2nd quarter valued at $242,000. Institutional investors own 25.56% 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. 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.

Featured Story: What is the Current Ratio?

Stock Target Advisor

Analyst Recommendations for Heico (NYSE:HEI)

Leave a Reply

Your email address will not be published. Required fields are marked *

*