Auriga Reiterates a 'Hold' on HEICO (HEI); Record First-Quarter Revenue Offset by Margin Pressure
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Price: $194.43 --0%
Rating Summary:
18 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 3 | New: 2
Rating Summary:
18 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 3 | New: 2
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Auriga reiterates a 'Hold' on HEICO (NYSE: HEI) price target of $62.00.
Auriga analyst said, "Heico reported first-quarter EPS of $0.45, which was a penny ahead of consensus but fell short of our $0.47 estimate as a 700 basis point contraction in Electronic Technology operating margin more than offset record high revenue of $212.7 million. We continue to view Heico as one of the best fundamental stories in the A&D space, and acknowledge the company continues to perform well; however, we remain on the sidelines as shares appear to be fully valued at current multiples."
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 $56.01 yesterday.
Auriga analyst said, "Heico reported first-quarter EPS of $0.45, which was a penny ahead of consensus but fell short of our $0.47 estimate as a 700 basis point contraction in Electronic Technology operating margin more than offset record high revenue of $212.7 million. We continue to view Heico as one of the best fundamental stories in the A&D space, and acknowledge the company continues to perform well; however, we remain on the sidelines as shares appear to be fully valued at current multiples."
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 $56.01 yesterday.
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