Canaccord Genuity Believes HEICO Corp (HEI) Won’t Stop Here


In a report released yesterday, Kenneth Herbert from Canaccord Genuity reiterated a Buy rating on HEICO Corp (HEI), with a price target of $105. The company’s shares closed yesterday at $92.91, close to its 52-week high of $95.

According to TipRanks.com, Herbert is a 5-star analyst with an average return of 13.3% and a 64.2% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Spirit AeroSystems, and Kratos Defense.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HEICO Corp with a $98.20 average price target, a 5.7% upside from current levels. In a report released yesterday, SunTrust Robinson also reiterated a Buy rating on the stock with a $100 price target.

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The company has a one-year high of $95 and a one-year low of $67.26. Currently, HEICO Corp has an average volume of 343.6K.

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HEICO Corp. engages in the design, manufacture, and sale of aerospace, defense, and electronic related products and services. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support Group segment designs, manufactures, repairs, overhauls, and distributes jet engine and aircraft component replacement parts.

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