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

In a report released yesterday, Kenneth Herbert from RBC Capital maintained a Buy rating on HEICO, with a price target of $350.00. The company’s shares closed yesterday at $332.16.

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Herbert covers the Industrials sector, focusing on stocks such as Boeing, Airbus Group SE, and AeroVironment. According to TipRanks, Herbert has an average return of 22.4% and a 71.14% success rate on recommended stocks.

Currently, the analyst consensus on HEICO is a Moderate Buy with an average price target of $332.45, implying a 0.09% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $360.00 price target.

HEI market cap is currently $40.36B and has a P/E ratio of 66.89.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HEI in relation to earlier this year. Last month, Laurans Mendelson, the EC of HEI sold 56,300.00 shares for a total of $17,984,472.00.