Canaccord Genuity Maintains Heico Corp to Buy with Price Target $82.00

Brokerage firm Canaccord Genuity Maintains its rating on Heico Corp(NYSE:HEI). In a research note issued to the investors, the brokerage major Raises the price-target to $82.00 per share. The shares have been rated Buy. The rating by Canaccord Genuity was issued on Aug 18, 2016.

In a different note, On Aug 30, 2016, Bank of America said it Downgrades its rating on Heico Corp. The shares have been rated ‘Neutral’ by the firm.

Heico Corp (HEI) made into the market gainers list on Mondays trading session with the shares advancing 0.03% or 0.02 points. Due to strong positive momentum, the stock ended at $69.09, which is also near the day’s high of $69.57. The stock began the session at $69 and the volume stood at 2,42,337 shares. The 52-week high of the shares is $75.01 and the 52 week low is $47.239. The company has a current market capitalization of $4,633 M and it has 6,70,61,051 shares in outstanding.

Heico Corp(HEI) last announced its earnings results on May 25, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.57.

Several Insider Transactions has been reported to the SEC. On Apr 8, 2016, Thomas S Irwin (Sr Exec VP) sold 15,000 shares at $58.62 per share price.Also, On Mar 28, 2016, Alan Schriesheim (director) sold 3,000 shares at $59.35 per share price.On Mar 22, 2016, Frank J Schwitter (director) sold 1,325 shares at $60.01 per share price, according to the Form-4 filing with the securities and exchange commission.

HEICO Corporation is an aerospace and electronics company. The Company provides commercial aircraft replacement parts aircraft accessories component repair and overhaul services for avionic electro-mechanical flight surface hydraulic and pneumatic applications; distributes aircraft parts and manufactures other critical aircraft parts. It operates through two operating segments: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG). The Flight Support Group designs manufactures repairs overhauls and distributes jet engine and aircraft component replacement parts. Its Electronic Technologies Group designs and manufactures electronic electro-optical microwave and other components found in aviation broadcast defense homeland security medical space telecom and other complex equipment. Its customers include airlines overhaul shops satellite manufacturers commercial and defense equipment producers and telecommunications equipment suppliers.

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