Auriga Maintains a 'Hold' on HEICO (HEI); Earnings Preview: Increasing Estimates on Stronger Commercial Trends
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Price: $204.96 +2.78%
Rating Summary:
18 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Rating Summary:
18 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
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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.
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