Heico (NYSE:HEI) has been given a $84.00 price objective by Stephens in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the aerospace company’s stock. Stephens’ target price would indicate a potential upside of 8.70% from the company’s previous close.
A number of other research analysts also recently commented on HEI. Zacks Investment Research raised Heico from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Thursday, September 21st. Canaccord Genuity boosted their price target on Heico from $92.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. SunTrust Banks boosted their price target on Heico to $96.00 and gave the company a “buy” rating in a research note on Monday, December 4th. Credit Suisse Group reissued an “outperform” rating and set a $109.00 target price (up previously from $98.00) on shares of Heico in a research note on Wednesday, December 20th. They noted that the move was a valuation call. Finally, Jefferies Group raised Heico from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $97.56.
Heico (NYSE HEI) traded down $0.23 during mid-day trading on Friday, reaching $77.28. The company had a trading volume of 278,800 shares, compared to its average volume of 300,931. The firm has a market capitalization of $5,800.00, a P/E ratio of 45.19, a PEG ratio of 3.50 and a beta of 0.73. Heico has a fifty-two week low of $48.00 and a fifty-two week high of $81.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.16 and a current ratio of 2.53.
A number of hedge funds and other institutional investors have recently modified their holdings of HEI. Fred Alger Management Inc. raised its stake in Heico by 23.7% during the second quarter. Fred Alger Management Inc. now owns 380,992 shares of the aerospace company’s stock worth $27,370,000 after acquiring an additional 72,901 shares in the last quarter. Moody Lynn & Lieberson LLC bought a new stake in shares of Heico during the third quarter worth about $2,561,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Heico by 97.8% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 38,537 shares of the aerospace company’s stock worth $3,461,000 after purchasing an additional 19,057 shares during the last quarter. Navellier & Associates Inc grew its holdings in shares of Heico by 31.4% during the second quarter. Navellier & Associates Inc now owns 77,094 shares of the aerospace company’s stock worth $5,538,000 after purchasing an additional 18,423 shares during the last quarter. Finally, Bank of Nova Scotia bought a new stake in shares of Heico during the second quarter worth about $1,322,000. 26.97% of the stock is owned by hedge funds and other 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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