Heico (HEI) Given “Outperform” Rating at Credit Suisse Group
Heico (NYSE:HEI)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse Group in a research note issued on Wednesday. They currently have a $109.00 price target on the aerospace company’s stock, up from their prior price target of $98.00. Credit Suisse Group’s price target suggests a potential upside of 12.14% from the company’s current price. The analysts noted that the move was a valuation call.
HEI has been the subject of several other reports. Zacks Investment Research lowered Heico from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Seaport Global Securities began coverage on Heico in a report on Tuesday, September 12th. They set a “neutral” rating and a $90.00 price target for the company. SunTrust Banks lifted their price target on Heico to $96.00 and gave the company a “buy” rating in a report on Monday, December 4th. Canaccord Genuity reiterated a “buy” rating and set a $110.00 price target (up from $95.00) on shares of Heico in a report on Wednesday. They noted that the move was a valuation call. Finally, Bank of America upgraded Heico from a “neutral” rating to a “buy” rating and lifted their price target for the company from $75.00 to $95.00 in a report on Tuesday, August 29th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Heico has a consensus rating of “Buy” and a consensus price target of $97.56.
Shares of Heico (NYSE:HEI) opened at $97.20 on Wednesday. The stock has a market capitalization of $8,104.30, a PE ratio of 45.09, a PEG ratio of 4.35 and a beta of 0.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.39 and a current ratio of 2.89. Heico has a 1-year low of $60.00 and a 1-year high of $100.00.
In related news, VP Thomas S. Irwin sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $76.28, for a total value of $1,525,600.00. Following the completion of the sale, the vice president now directly owns 31,110 shares in the company, valued at approximately $2,373,070.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark H. Hildebrandt bought 1,316 shares of Heico stock in a transaction that occurred on Thursday, October 5th. The stock was bought at an average price of $76.13 per share, with a total value of $100,187.08. The disclosure for this purchase can be found here. 9.76% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Ironwood Investment Counsel LLC bought a new position in Heico in the 3rd quarter worth approximately $201,000. RKL Wealth Management LLC bought a new position in Heico in the 3rd quarter worth approximately $201,000. D.A. Davidson & CO. increased its position in Heico by 24.7% in the 2nd quarter. D.A. Davidson & CO. now owns 2,536 shares of the aerospace company’s stock worth $182,000 after buying an additional 502 shares during the period. Comerica Bank bought a new position in Heico in the 2nd quarter worth approximately $209,000. Finally, PEAK6 Investments L.P. bought a new position in Heico in the 3rd quarter worth approximately $289,000. 26.93% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Heico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heico and related companies with MarketBeat.com's FREE daily email newsletter.