Heico Corp. (HEI) Shares Down 5.9%
Heico Corp. (NYSE:HEI) dropped 5.9% during trading on Thursday . The company traded as low as $69.64 and last traded at $69.87, with a volume of 343,745 shares changing hands. The stock had previously closed at $74.24.
HEI has been the topic of a number of recent research reports. Zacks Investment Research lowered Heico Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Canaccord Genuity reiterated a “buy” rating on shares of Heico Corp. in a research report on Thursday, May 19th. Jefferies Group reiterated a “hold” rating on shares of Heico Corp. in a research report on Sunday, May 29th. Finally, Credit Suisse Group AG boosted their price target on Heico Corp. from $62.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $71.00.
The firm has a market capitalization of $4.64 billion and a price-to-earnings ratio of 31.25. The firm has a 50-day moving average of $69.53 and a 200 day moving average of $63.38.
Heico Corp. (NYSE:HEI) last issued its earnings results on Wednesday, August 24th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. The business had revenue of $356.10 million for the quarter, compared to analyst estimates of $356.35 million. During the same period last year, the business posted $0.51 EPS. Heico Corp.’s revenue was up 18.5% on a year-over-year basis. On average, analysts anticipate that Heico Corp. will post $2.15 earnings per share for the current year.
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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