Heico (NYSE:HEI) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Investment analysts at Wells Fargo & Company began coverage on shares of Heico (NYSE:HEI) in a research note issued to investors on Wednesday,Benzinga reports. The firm set an “equal weight” rating and a $290.00 price target on the aerospace company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 4.59% from the company’s current price.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $375.00 target price (up from $350.00) on shares of Heico in a research report on Monday, December 22nd. Stifel Nicolaus set a $370.00 target price on shares of Heico and gave the stock a “buy” rating in a research report on Monday, December 22nd. Citigroup reissued a “buy” rating and set a $415.00 target price (up from $367.00) on shares of Heico in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $375.00 price target (up from $355.00) on shares of Heico in a report on Monday, December 22nd. Finally, BNP Paribas Exane upgraded Heico from a “neutral” rating to an “outperform” rating in a report on Friday, February 27th. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $365.29.

Heico Price Performance

NYSE:HEI traded up $3.07 on Wednesday, hitting $277.27. The company had a trading volume of 63,152 shares, compared to its average volume of 599,994. The firm has a 50 day moving average of $315.55 and a two-hundred day moving average of $319.48. The stock has a market capitalization of $38.68 billion, a price-to-earnings ratio of 54.80, a PEG ratio of 3.24 and a beta of 1.01. Heico has a 52 week low of $229.07 and a 52 week high of $361.69. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55.

Heico (NYSE:HEI) last announced its quarterly earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.09. Heico had a net margin of 15.38% and a return on equity of 16.57%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned $1.20 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, research analysts anticipate that Heico will post 4.2 earnings per share for the current year.

Institutional Investors Weigh In On Heico

Several large investors have recently modified their holdings of HEI. IFC & Insurance Marketing Inc. acquired a new position in Heico in the fourth quarter valued at $26,000. Westside Investment Management Inc. grew its holdings in Heico by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 43 shares during the period. CBIZ Investment Advisory Services LLC raised its position in shares of Heico by 1,000.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 80 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in shares of Heico in the 3rd quarter valued at about $29,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Heico during the 3rd quarter valued at about $31,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

About Heico

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.