Heico (NYSE:HEI) has been assigned a $104.00 price objective by research analysts at Stephens in a research note issued on Monday. The firm presently has a “hold” rating on the aerospace company’s stock. Stephens’ price target suggests a potential upside of 8.19% from the stock’s current price.
Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Heico from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Credit Suisse Group reissued an “outperform” rating and issued a $98.00 target price (up previously from $85.00) on shares of Heico in a research note on Tuesday, August 29th. Bank of America raised shares of Heico from a “neutral” rating to a “buy” rating and boosted their target price for the company from $75.00 to $95.00 in a research note on Tuesday, August 29th. Finally, Canaccord Genuity boosted their target price on shares of Heico from $92.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Heico currently has an average rating of “Buy” and an average price target of $94.67.
Shares of Heico (HEI) traded up $4.33 during midday trading on Monday, hitting $96.13. 632,200 shares of the company’s stock traded hands, compared to its average volume of 188,668. The stock has a market cap of $8,118.66, a price-to-earnings ratio of 47.40, a P/E/G ratio of 4.36 and a beta of 0.73. Heico has a 52 week low of $60.00 and a 52 week high of $96.57. The company has a quick ratio of 1.39, a current ratio of 2.89 and a debt-to-equity ratio of 0.36.
Several hedge funds and other institutional investors have recently bought and sold shares of HEI. D.A. Davidson & CO. increased its stake in shares of Heico by 24.7% during the 2nd quarter. D.A. Davidson & CO. now owns 2,536 shares of the aerospace company’s stock valued at $182,000 after acquiring an additional 502 shares during the last quarter. Ironwood Investment Counsel LLC purchased a new stake in Heico in the 3rd quarter worth about $201,000. RKL Wealth Management LLC purchased a new stake in Heico in the 3rd quarter worth about $201,000. Comerica Bank purchased a new stake in Heico in the 2nd quarter worth about $209,000. Finally, Virtu KCG Holdings LLC raised its stake in shares of Heico by 24.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 3,302 shares of the aerospace company’s stock worth $237,000 after purchasing an additional 639 shares in the last quarter. 26.98% of the stock is owned by institutional investors.
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HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
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