Heico Corporation (NYSE:HEI.A) Stock Has Consensus Price Target of $388.12 According to Brokerages

Shares of Heico Corporation (NYSE:HEI.A) have been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $388.12.

Several brokerages have weighed in on HEI.A. Morgan Stanley lowered their price objective on Heico from $365.00 to $345.00 in a research report on Friday, October 16th. Guggenheim began coverage on Heico in a report on Tuesday, September 15th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft increased their target price on Heico from $421.00 to $425.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Zacks Research upgraded shares of Heico from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Finally, Truist Financial increased their price objective on shares of Heico from $397.00 to $412.00 and gave the stock a “buy” rating in a research note on Tuesday, September 8th.

Insider Buying and Selling

In other news, Director Nandakumar Cheruvatath purchased 795 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The stock was bought at an average cost of $220.30 per share, with a total value of $175,138.50. Following the completion of the purchase, the director owned 4,877 shares in the company, valued at approximately $1,074,403.10. This represents a 19.48% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alan Schriesheim purchased 795 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were acquired at an average cost of $220.30 per share, for a total transaction of $175,138.50. Following the purchase, the director owned 1,202 shares of the company’s stock, valued at $264,800.60. This represents a 195.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 5,362 shares of company stock worth $1,225,430 in the last quarter. 9.76% of the stock is owned by insiders.

Heico Price Performance

Heico stock traded up $11.67 during mid-day trading on Monday, hitting $250.39. 155,067 shares of the company traded hands, compared to its average volume of 318,179. The stock has a fifty day moving average price of $233.34 and a 200-day moving average price of $239.37. Heico has a one year low of $199.35 and a one year high of $279.66. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72. The stock has a market cap of $34.99 billion, a price-to-earnings ratio of 41.76 and a beta of 1.13.

Heico (NYSE:HEI.A) last posted its quarterly earnings data on Tuesday, August 25th. The company reported $1.67 earnings per share (EPS) for the quarter. Heico had a return on equity of 18.00% and a net margin of 16.38%. The firm had revenue of $1.41 billion during the quarter.

Heico Company Profile

HEICO Corporation is a diversified aerospace, defense, electronics and industrial technology company headquartered in Hollywood, Florida. Founded in 1957, the company develops and manufactures products used by commercial and regional airlines, aircraft manufacturers, defense contractors, space companies, medical organizations, telecommunications providers and other industrial customers worldwide.

HEICO operates through two primary business segments. Its Flight Support Group supplies FAA-approved replacement parts and provides repair, overhaul and other maintenance services for commercial and military aircraft.