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

Tipranks - Wed Feb 25, 12:52AM CST

Bank of America Securities analyst Ronald Epstein maintained a Buy rating on HEICO yesterday and set a price target of $400.00. The company’s shares closed yesterday at $346.27.

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Epstein covers the Industrials sector, focusing on stocks such as Boeing, L3Harris Technologies, and Northrop Grumman. According to TipRanks, Epstein has an average return of 21.8% and a 69.17% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HEICO with a $381.20 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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