Credit Suisse Group reaffirmed their outperform rating on shares of Heico Corporation (NYSE:HEI) in a report issued on Tuesday. The brokerage currently has a $98.00 price target on the aerospace company’s stock, up from their previous price target of $85.00.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Heico Corporation from a hold rating to a buy rating and set a $83.00 price objective for the company in a research report on Tuesday, May 30th. Canaccord Genuity restated a buy rating and issued a $80.00 price objective on shares of Heico Corporation in a research report on Monday, May 22nd. BidaskClub lowered shares of Heico Corporation from a strong-buy rating to a buy rating in a research report on Friday, August 18th. Bank of America Corporation upgraded shares of Heico Corporation from a neutral rating to a buy rating and raised their price objective for the company from $75.00 to $95.00 in a research report on Tuesday. Finally, Deutsche Bank AG lowered shares of Heico Corporation from a buy rating to a hold rating and raised their price objective for the company from $80.00 to $86.00 in a research report on Wednesday, August 16th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $90.75.

Shares of Heico Corporation (HEI) opened at 86.00 on Tuesday. Heico Corporation has a one year low of $52.56 and a one year high of $87.36. The stock’s 50 day moving average is $82.26 and its 200-day moving average is $73.81. The company has a market cap of $7.26 billion, a P/E ratio of 42.12 and a beta of 0.76.

Heico Corporation (NYSE:HEI) last released its quarterly earnings data on Wednesday, August 23rd. The aerospace company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Heico Corporation had a net margin of 12.04% and a return on equity of 15.56%. The company had revenue of $391.50 million during the quarter, compared to analyst estimates of $390.55 million. During the same period last year, the business earned $0.62 earnings per share. Heico Corporation’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts forecast that Heico Corporation will post $2.10 earnings per share for the current year.

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Large investors have recently made changes to their positions in the stock. Navellier & Associates Inc raised its stake in shares of Heico Corporation by 31.4% in the second quarter. Navellier & Associates Inc now owns 77,094 shares of the aerospace company’s stock valued at $5,538,000 after buying an additional 18,423 shares during the last quarter. USA Financial Portformulas Corp bought a new stake in shares of Heico Corporation during the second quarter valued at about $563,000. 1st Global Advisors Inc. raised its stake in shares of Heico Corporation by 24.8% in the second quarter. 1st Global Advisors Inc. now owns 3,383 shares of the aerospace company’s stock valued at $243,000 after buying an additional 672 shares during the last quarter. Bank of Nova Scotia bought a new stake in shares of Heico Corporation during the second quarter valued at about $1,322,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Heico Corporation by 27.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,410 shares of the aerospace company’s stock valued at $892,000 after buying an additional 2,661 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Heico Corporation 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.

Analyst Recommendations for Heico Corporation (NYSE:HEI)

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