HEICO Co. (NYSE:HEI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

HEICO Co. (NYSE:HEI - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twelve ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $271.40.

A number of brokerages recently commented on HEI. Deutsche Bank Aktiengesellschaft decreased their price target on HEICO from $271.00 to $266.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Truist Financial boosted their target price on shares of HEICO from $282.00 to $294.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. KeyCorp initiated coverage on shares of HEICO in a report on Thursday, January 16th. They set a "sector weight" rating for the company. Finally, William Blair reissued an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th.

Institutional Investors Weigh In On HEICO

Several hedge funds have recently modified their holdings of the company. Compass Financial Services Inc bought a new position in HEICO in the fourth quarter valued at about $26,000. Banque Transatlantique SA acquired a new position in shares of HEICO in the fourth quarter valued at approximately $44,000. Berbice Capital Management LLC bought a new position in HEICO in the 4th quarter valued at approximately $95,000. Brooklyn Investment Group acquired a new stake in HEICO during the 3rd quarter worth approximately $128,000. Finally, SBI Securities Co. Ltd. bought a new stake in HEICO during the 4th quarter worth approximately $135,000. Institutional investors and hedge funds own 27.12% of the company's stock.

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HEICO Stock Performance

Shares of NYSE:HEI traded up $1.23 on Friday, reaching $267.29. 460,150 shares of the company's stock were exchanged, compared to its average volume of 443,483. HEICO has a twelve month low of $185.03 and a twelve month high of $283.60. The company has a fifty day moving average of $245.83 and a 200-day moving average of $251.93. The company has a market capitalization of $37.14 billion, a price-to-earnings ratio of 73.03, a PEG ratio of 3.10 and a beta of 1.26. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.27. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. On average, research analysts predict that HEICO will post 4.2 EPS for the current fiscal year.

About HEICO

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.