HEICO (HEI) was downgraded to a Hold Rating at RBC Capital
HEICO received a Hold rating and a price target from RBC Capital analyst Kenneth Herbert today.
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Herbert covers the Industrials sector, focusing on stocks such as Boeing, Airbus Group SE, and FTAI Aviation. According to TipRanks, Herbert has an average return of 20.1% and a 64.97% success rate on recommended stocks.
Currently, the analyst consensus on HEICO is a Hold with an average price target of $304.33.
Based on HEICO’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $1.15 billion and a net profit of $177.34 million. In comparison, last year the company earned a revenue of $992.25 million and had a net profit of $136.58 million
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HEI in relation to earlier this year.
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