SunTrust Robinson Believes HEICO Corp (NYSE: HEI) Still Has Room to Grow

By Ryan Adsit

SunTrust Robinson analyst Michael Ciarmoli reiterated a Buy rating on HEICO Corp (HEIResearch Report) today and set a price target of $100. The company’s shares opened today at $92.91, close to its 52-week high of $95.

According to TipRanks.com, Ciarmoli is a 5-star analyst with an average return of 15.3% and a 69.4% success rate. Ciarmoli covers the Consumer Goods sector, focusing on stocks such as Aerojet Rocketdyne Holdings, Mercury Systems Inc, and Transdigm Group Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HEICO Corp with a $96.50 average price target.

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Based on HEICO Corp’s latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $79.33 million. In comparison, last year the company had a net profit of $65.15 million.

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HEICO Corp. engages in the design, manufacture, and sale of aerospace, defense, and electronic related products and services. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support Group segment designs, manufactures, repairs, overhauls, and distributes jet engine and aircraft component replacement parts.