Canaccord Genuity Believes HEICO Corp (NYSE: HEI) Won’t Stop Here

By Ryan Adsit

In a report released yesterday, Kenneth Herbert from Canaccord Genuity reiterated a Buy rating on HEICO Corp (NYSE: HEI), with a price target of $80. The company’s shares opened today at $74.54, close to its 52-week high of $74.92.

According to, Herbert is a 4-star analyst with an average return of 7.0% and a 54.9% success rate. Herbert covers the Industrial Goods sector, focusing on stocks such as Transdigm Group Inc, CPI Aerostructures, and Spirit AeroSystems.

HEICO Corp has an analyst consensus of Moderate Buy, with a price target consensus of $76.50.

HEICO Corp’s market cap is currently $6.21B and has a P/E ratio of 37.94. The company has a book value ratio of 6.1986.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. Last month, Thomas S. Irwin, the Sr Exec VP of HEI sold 10,000 shares for a total of $596,600.

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HEICO Corp. engages in the provision of flight support and technology equipment. It operates in two segments: The Flight Support Group and The Electronic Technologies Group. The Flight Support Group segment designs, manufactures, repairs, overhauls and distributes jet engine and aircraft components, avionics and instruments for domestic and foreign commercial air carriers and aircraft repair companies as well as military and business aircraft operators. It also manufactures and markets thermal insulation products and other component parts primarily for aerospace, defense, industrial and commercial applications. The Electronic Technologies Group segment designs and manufactures electronic, microwave and electro-optical equipment and components for the aviation, defense, space, medical, telecommunications and electronics industries. The company was founded in 1957 and is headquartered in Hollywood, FL.