Analysts Set HEICO Co. (NYSE:HEI) Target Price at $271.40

Shares of HEICO Co. (NYSE:HEI) have earned an average rating of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $271.40.

Several brokerages have issued reports on HEI. KeyCorp began coverage on HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Truist Financial raised their price objective on shares of HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, William Blair reiterated an “outperform” rating on shares of HEICO in a research note on Tuesday, March 25th.

HEICO Stock Up 1.0 %

HEI opened at $269.80 on Friday. The stock has a market capitalization of $37.49 billion, a price-to-earnings ratio of 73.72, a PEG ratio of 3.10 and a beta of 1.26. The firm has a 50 day moving average price of $246.43 and a 200-day moving average price of $252.00. HEICO has a twelve month low of $185.03 and a twelve month high of $283.60. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI) last released its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $983.10 million. Equities research analysts forecast that HEICO will post 4.2 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Centaurus Financial Inc. boosted its stake in HEICO by 8.9% in the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock worth $191,000 after purchasing an additional 60 shares during the period. Brooklyn Investment Group purchased a new position in HEICO during the third quarter valued at $128,000. Cynosure Group LLC purchased a new position in HEICO during the third quarter valued at $358,000. Portland Investment Counsel Inc. purchased a new stake in HEICO in the 3rd quarter worth $211,000. Finally, Atom Investors LP purchased a new stake in HEICO in the 3rd quarter worth $1,129,000. Institutional investors own 27.12% of the company’s stock.

HEICO Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.