Auriga Maintains a 'Hold' on HEICO (HEI); Earnings Preview: Increasing Estimates on Stronger Commercial Trends
Tweet
Share
E-mailGet Alerts HEI Hot Sheet
Price: $374.67 +0.84%
Rating Summary:
21 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
21 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Auriga maintains a 'Hold' on HEICO (NYSE: HEI) price target of $62.00.
Auriga analyst said, "Ahead of Heico's first-quarter release, we are increasing our 1Q EPS estimate to $0.47 (up 16.2%), up from our previous estimate calling for $0.45, and consensus of $0.44. Our optimism primarily stems from higher revenue assumptions, as we expect the company's commercial business performed well during the period. We continue to view Heico as one of the best fundamental stories in the A&D space, and acknowledge the company is clicking on all cylinders; however, we remain on the sidelines as shares appear to be fully valued at current multiples. That said, we do suspect shares will react positively to 1Q results, and look for shares to trade closer to our price target."
For an analyst ratings summary and ratings history on HEICO click here. For more ratings news on HEICO click here.
Shares of HEICO closed at $58.59 yesterday.
Auriga analyst said, "Ahead of Heico's first-quarter release, we are increasing our 1Q EPS estimate to $0.47 (up 16.2%), up from our previous estimate calling for $0.45, and consensus of $0.44. Our optimism primarily stems from higher revenue assumptions, as we expect the company's commercial business performed well during the period. We continue to view Heico as one of the best fundamental stories in the A&D space, and acknowledge the company is clicking on all cylinders; however, we remain on the sidelines as shares appear to be fully valued at current multiples. That said, we do suspect shares will react positively to 1Q results, and look for shares to trade closer to our price target."
For an analyst ratings summary and ratings history on HEICO click here. For more ratings news on HEICO click here.
Shares of HEICO closed at $58.59 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
- Indigo Paints (INDIGOPN:IN) PT Raised to INR1,300 at ICICI Securities
- SanDisk upgraded at JPMorgan after investor day; shares climb
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Auriga, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
