Wells Fargo & Company Begins Coverage on HEICO (NYSE:HEI)

Stock analysts at Wells Fargo & Company assumed coverage on shares of HEICO (NYSE:HEI) in a research note issued on Tuesday, MarketBeat.com reports. The firm set an “equal weight” rating and a $244.00 price target on the aerospace company’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 1.49% from the company’s previous close.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft decreased their target price on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. KeyCorp assumed coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating on the stock. Truist Financial boosted their price target on shares of HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Finally, William Blair restated an “outperform” rating on shares of HEICO in a research report on Tuesday, March 25th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $268.91.

HEICO Trading Down 1.3 %

Shares of HEI opened at $247.68 on Tuesday. HEICO has a twelve month low of $195.31 and a twelve month high of $283.60. The stock has a market cap of $34.41 billion, a PE ratio of 67.67, a P/E/G ratio of 3.10 and a beta of 1.07. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The business’s 50-day moving average price is $249.73 and its 200-day moving average price is $251.00.

HEICO (NYSE:HEI) last posted its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.27. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. On average, equities analysts forecast that HEICO will post 4.2 EPS for the current fiscal year.

Institutional Trading of HEICO

Several institutional investors have recently added to or reduced their stakes in HEI. Compass Financial Services Inc bought a new stake in shares of HEICO in the 4th quarter valued at about $26,000. NBC Securities Inc. purchased a new position in HEICO in the 1st quarter worth approximately $27,000. Banque Transatlantique SA bought a new stake in HEICO in the fourth quarter valued at approximately $44,000. Atwood & Palmer Inc. purchased a new stake in shares of HEICO during the first quarter valued at approximately $80,000. Finally, Berbice Capital Management LLC bought a new position in shares of HEICO in the fourth quarter worth approximately $95,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

About HEICO

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.