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HEICO (HEI) Gets a Buy from RBC Capital

Tipranks - Tue Feb 3, 6:08AM CST

In a report released on January 30, Kenneth Herbert from RBC Capital maintained a Buy rating on HEICO, with a price target of $375.00. The company’s shares closed last Friday at $330.91.

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According to TipRanks, Herbert is a top 100 analyst with an average return of 27.9% and a 71.69% success rate. Herbert covers the Industrials sector, focusing on stocks such as Boeing, Airbus Group SE, and FTAI Aviation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HEICO with a $376.55 average price target.

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

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