Gabelli Reiterates “Hold” Rating for Heico Corp. (HEI)
Heico Corp. (NYSE:HEI)‘s stock had its “hold” rating reaffirmed by research analysts at Gabelli in a research report issued to clients and investors on Tuesday.
A number of other analysts have also issued reports on the company. Zacks Investment Research raised Heico Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Canaccord Genuity reaffirmed a “buy” rating and set a $82.00 target price on shares of Heico Corp. in a research report on Thursday, September 1st. Bank of America Corp. lowered Heico Corp. from a “buy” rating to a “neutral” rating and set a $75.00 target price on the stock. in a research report on Tuesday, August 30th. They noted that the move was a valuation call. Credit Suisse Group AG lifted their target price on Heico Corp. from $62.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, August 25th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $72.00 target price on shares of Heico Corp. in a research report on Thursday, August 25th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $74.40.
Shares of Heico Corp. (NYSE:HEI) traded up 0.914% during trading on Tuesday, hitting $69.005. The stock had a trading volume of 116,695 shares. The firm has a market cap of $4.64 billion, a P/E ratio of 31.224 and a beta of 0.64. The firm’s 50-day moving average is $70.24 and its 200-day moving average is $65.00. Heico Corp. has a one year low of $47.24 and a one year high of $75.01.
Heico Corp. (NYSE:HEI) last announced its earnings results on Wednesday, August 24th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. Heico Corp. had a return on equity of 15.99% and a net margin of 11.19%. The business had revenue of $356.10 million for the quarter, compared to analyst estimates of $356.35 million. During the same period in the previous year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. Equities research analysts forecast that Heico Corp. will post $2.15 EPS for the current year.
A number of hedge funds have recently made changes to their positions in HEI. Calvert Investment Management Inc. purchased a new stake in shares of Heico Corp. during the second quarter valued at $224,000. Bell State Bank & Trust purchased a new stake in shares of Heico Corp. during the second quarter valued at $232,000. KCG Holdings Inc. purchased a new stake in shares of Heico Corp. during the second quarter valued at $243,000. Markel Corp purchased a new stake in shares of Heico Corp. during the second quarter valued at $215,000. Finally, Menta Capital LLC purchased a new stake in shares of Heico Corp. during the second quarter valued at $278,000. 28.08% of the stock is owned by hedge funds and other institutional investors.
Heico Corp. Company Profile
HEICO Corporation is an aerospace and electronics company. The Company provides commercial aircraft replacement parts, aircraft accessories component repair and overhaul services for avionic, electro-mechanical, flight surface, hydraulic and pneumatic applications; distributes aircraft parts, and manufactures other critical aircraft parts.
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