TD Cowen Keeps Their Hold Rating on HEICO (HEI)
In a report released on January 13, Gautam Khanna from TD Cowen maintained a Hold rating on HEICO, with a price target of $350.00.
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According to TipRanks, Khanna is a top 25 analyst with an average return of 21.3% and a 75.70% success rate. Khanna covers the Industrials sector, focusing on stocks such as Booz Allen, Carpenter Technology, and L3Harris Technologies.
HEICO has an analyst consensus of Strong Buy, with a price target consensus of $368.86.
Based on HEICO’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.21 billion and a net profit of $188.3 million. In comparison, last year the company earned a revenue of $1.01 billion and had a net profit of $139.69 million
Based on the recent corporate insider activity of 25 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.
Read More on HEI:
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