Worth Watching: Heico Corp Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

Worth Watching: Heico Corp Can't Burn Your Long Portfolio. Just Reaches 52 Week High

The stock of Heico Corp (NYSE:HEI) hit a new 52-week high and has $111.44 target or 51.00% above today’s $73.80 share price. The 9 months bullish chart indicates low risk for the $4.55 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $111.44 price target is reached, the company will be worth $2.32B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 99,247 shares traded hands. Heico Corp (NYSE:HEI) has risen 19.81% since April 11, 2016 and is uptrending. It has outperformed by 13.67% the S&P500.

Heico Corp (NYSE:HEI) Ratings Coverage

Out of 4 analysts covering Heico Corporation (NYSE:HEI), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Heico Corporation has been the topic of 9 analyst reports since August 24, 2015 according to StockzIntelligence Inc. As per Thursday, August 27, the company rating was maintained by Canaccord Genuity. The stock of Heico Corp (NYSE:HEI) has “Buy” rating given on Monday, August 24 by Canaccord Genuity. The stock of Heico Corp (NYSE:HEI) has “Neutral” rating given on Tuesday, August 30 by Bank of America. The company was downgraded on Thursday, August 27 by Zacks. The firm earned “Sector Weight” rating on Friday, August 26 by KeyBanc Capital Markets. The rating was maintained by Jefferies with “Hold” on Thursday, August 27. The rating was upgraded by Bank of America to “Buy” on Tuesday, December 22.

According to Zacks Investment Research, “HEICO Corporation operates as a technology-driven aerospace, industrial, defense and electronics company. The Company conducts its business through two segments the Flight Support Group and the Electronic Technologies Group. The Flight Support Group design, engineers, manufactures, repairs, distributes and overhauls FAA-approved parts encompassing the entire aircraft. Electronic Technologies Group produces electrical and electro-optical systems and components serving niche segments of the aerospace, defense, communications, and computer industries. It design, manufacture and sells electrically and electro-optical engineered products used in the aerospace, defense, space, and electronics industries. The Company primarily serves commercial and cargo airlines, repair and overhaul facilities, other aftermarket suppliers of aircraft engine and airframe materials, military units, and electronic manufacturing service companies. HEICO Corporation is headquartered in Hollywood, Florida.”

More notable recent Heico Corp (NYSE:HEI) news were published by: Fool.com which released: “Acquisitions Drove Heico Corp.’s Growth in Q3” on August 25, 2016, also Fool.com with their article: “Heico Corp Flying High After Record Quarter” published on May 26, 2016, Fool.com published: “Expectations Continue Rising at Heico Corp” on February 26, 2016. More interesting news about Heico Corp (NYSE:HEI) were released by: Fool.com and their article: “Acquisitions Key to Heico Corp Flying High” published on December 19, 2015 as well as Streetinsider.com‘s news article titled: “Heico Corp. (HEI) to Acquire Robertson Fuel Systems for $255M” with publication date: December 21, 2015.

HEI Company Profile

HEICO Corporation, incorporated on January 27, 1993, is an aerospace and electronics company. The Firm 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 makes other critical aircraft parts. It operates through two operating divisions: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG). The Firm offers products for applications, such as aircraft, spacecraft, defense equipment, medical equipment, and telecommunications systems. The Company’s Electronic Technologies Group creates and makes electronic, electro-optical, microwave and other components found in aviation, broadcast, defense, homeland security, medical, space, telecom and other complex equipment. The Company’s clients include airlines, overhaul shops, satellite manufacturers, commercial and defense equipment producers, medical equipment manufacturers, government agencies, telecommunications equipment suppliers and others.

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