News articles about Heico Corp (NYSE:HEI) have trended somewhat negative on Friday, Alpha One Sentiment Analysis reports. The research group, a division of Accern, ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Heico Corp earned a media sentiment score of -0.01 on Alpha One’s scale. Alpha One also assigned news articles about the aerospace company an impact score of 89 out of 100, meaning that recent news coverage is very likely to have an effect on the company’s share price in the next several days.
Heico Corp (NYSE:HEI) traded up 1.60% during midday trading on Friday, reaching $73.76. 83,842 shares of the company traded hands. The company has a 50 day moving average of $70.80 and a 200-day moving average of $65.15. Heico Corp has a 12-month low of $50.43 and a 12-month high of $74.92. The stock has a market capitalization of $6.21 billion, a P/E ratio of 38.12 and a beta of 0.52.
Heico Corp (NYSE:HEI) last posted its quarterly earnings results on Tuesday, February 28th. The aerospace company reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. The business had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $339.29 million. Heico Corp had a net margin of 11.35% and a return on equity of 15.97%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the company posted $0.49 earnings per share. Equities analysts anticipate that Heico Corp will post $2.05 EPS for the current fiscal year.
A number of brokerages have recently weighed in on HEI. SunTrust Banks, Inc. began coverage on shares of Heico Corp in a research report on Thursday, January 19th. They set a “buy” rating and a $85.00 price target on the stock. Zacks Investment Research cut shares of Heico Corp from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Jefferies Group LLC lifted their price target on shares of Heico Corp from $84.00 to $86.00 and gave the stock a “hold” rating in a research report on Wednesday, March 1st. Deutsche Bank AG reissued a “buy” rating and set a $100.00 price target on shares of Heico Corp in a research report on Wednesday, April 12th. Finally, Canaccord Genuity lifted their price target on shares of Heico Corp from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $84.50.
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About Heico Corp
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.
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