Heico Corp (HEI) Receives $81.26 Average Target Price from Brokerages
Heico Corp (NYSE:HEI) has been given an average recommendation of “Buy” by the ten ratings firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $81.26.
A number of analysts recently commented on HEI shares. SunTrust Banks boosted their target price on shares of Heico to $76.80 and gave the stock a “buy” rating in a report on Monday, December 4th. Zacks Investment Research upgraded shares of Heico from a “hold” rating to a “buy” rating and set a $79.20 target price on the stock in a report on Tuesday, December 5th. Jefferies Group upgraded shares of Heico from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Credit Suisse Group reiterated an “outperform” rating and issued a $87.20 target price (up from $78.40) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $88.00 target price (up from $76.00) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call.
Shares of Heico (NYSE:HEI) opened at $74.62 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.54. Heico has a fifty-two week low of $48.84 and a fifty-two week high of $85.47. The company has a market cap of $8,171.54, a P/E ratio of 45.44, a P/E/G ratio of 3.59 and a beta of 0.78.
The company also recently announced a semiannual dividend, which was paid on Wednesday, January 17th. Stockholders of record on Wednesday, January 3rd were given a $0.056 dividend. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend was Tuesday, January 2nd. Heico’s dividend payout ratio (DPR) is currently 6.39%.
Institutional investors have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Heico in the fourth quarter worth approximately $118,000. Ironwood Investment Counsel LLC purchased a new position in shares of Heico in the third quarter worth approximately $201,000. RKL Wealth Management LLC purchased a new position in shares of Heico in the third quarter worth approximately $201,000. Virtu KCG Holdings LLC increased its position in shares of Heico by 24.0% in the second quarter. Virtu KCG Holdings LLC now owns 3,302 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 639 shares in the last quarter. Finally, 1st Global Advisors Inc. increased its position in shares of Heico by 24.8% in the second quarter. 1st Global Advisors Inc. now owns 3,383 shares of the aerospace company’s stock worth $243,000 after acquiring an additional 672 shares in the last quarter. 21.12% of the stock is currently owned by institutional investors and hedge funds.
Heico Company Profile
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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