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HEICO (HEI) Receives a Rating Update from a Top Analyst

Tipranks - Tue Jun 2, 12:12PM CDT

TD Cowen analyst Gautam Khanna maintained a Hold rating on HEICO today and set a price target of $350.00.

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Khanna covers the Industrials sector, focusing on stocks such as Booz Allen, Voyager Technologies, Inc. Class A, and Astronics. According to TipRanks, Khanna has an average return of 22.5% and a 72.95% success rate on recommended stocks.

In addition to TD Cowen, HEICO also received a Hold from UBS’s Gavin Parsons in a report issued today. However, on the same day, Citi assigned a Buy rating to HEICO (NYSE: HEI).

Based on HEICO’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.38 billion and a net profit of $233.8 million. In comparison, last year the company earned a revenue of $1.1 billion and had a net profit of $156.79 million

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is neutral on the stock.

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