Heico Corporation (NYSE:HEI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Heico Corporation (NYSE:HEI) have been given an average rating of “Moderate Buy” by the seventeen ratings firms that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $358.7143.

HEI has been the topic of a number of research analyst reports. Truist Financial boosted their price target on shares of Heico from $366.00 to $391.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $375.00 price target (up from $355.00) on shares of Heico in a research note on Monday, December 22nd. 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 target on the stock. Stifel Nicolaus set a $370.00 price target on shares of Heico and gave the company a “buy” rating in a research note on Monday, December 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $375.00 price target (up from $350.00) on shares of Heico in a research note on Monday, December 22nd.

Heico Price Performance

Heico stock opened at $276.37 on Tuesday. The company’s 50 day simple moving average is $310.33 and its 200-day simple moving average is $318.14. The company has a market capitalization of $38.56 billion, a price-to-earnings ratio of 54.62, a price-to-earnings-growth ratio of 3.33 and a beta of 1.07. Heico has a 1 year low of $229.07 and a 1 year high of $361.69. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.41 and a current ratio of 3.06.

Heico (NYSE:HEI) 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. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Heico had a net margin of 15.38% and a return on equity of 16.57%. The business’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. As a group, equities research analysts expect that Heico will post 4.2 earnings per share for the current year.

Institutional Investors Weigh In On Heico

A number of hedge funds have recently added to or reduced their stakes in HEI. IFC & Insurance Marketing Inc. acquired a new stake in Heico during the 4th quarter worth approximately $26,000. Westside Investment Management Inc. lifted its holdings in Heico by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after buying an additional 43 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in Heico by 1,000.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after buying an additional 80 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in Heico during the 3rd quarter worth approximately $29,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Heico during the 3rd quarter worth approximately $31,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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.