Auriga Reaffirms Hold Rating on HEICO (HEI)
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America (NYSE: BAC) upgraded shares of HEICO from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a $54.00 price target on the stock. Separately, analysts at Raymond James (NYSE: RJF) upgraded shares of HEICO from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. Finally, analysts at RBC Capital (NYSE: RY) upgraded shares of HEICO from a “sector perform” rating to an “outperform” rating in a research note to investors on Monday, April 9th. They now have a $62.00 price target on the stock.
HEICO opened at 41.80 on Thursday. HEICO has a 1-year low of $32.04 and a 1-year high of $49.576. The company has a market cap of $2.201 billion and a price-to-earnings ratio of 28.87.
HEICO last released its earnings data on Tuesday, May 22nd. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.01. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Analysts expect that HEICO will post $0.45 EPS next quarter.
HEICO Corporation (HEICO), through its subsidiaries is a manufacturer of Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors.