Follow HEICO to never miss an important update.
Melius Research set its price target for the company at $350. This is notably lower than the average target of $397 across other Wall Street firms, though it still sits above the current trading price of about $296. While the stock has fallen recently, analysts generally remain more optimistic than the current market price suggests. This gap often happens when a company has a long history of steady growth but faces a stretch where its stock price gets ahead of its actual earnings.
Source: Melius Research
VPT, a subsidiary within HEICO's electronics group, launched the FLX Series of power converters. These devices change electrical voltage to the specific levels needed by sensitive equipment in spacecraft and military systems. While a single product launch is routine for a company with HEICO's breadth, it supports the electronics segment's role in providing specialized parts for high-stakes defense and aerospace projects.
Source: PRNewsWire
Goldman Sachs increased its target price for the stock from $472 to $491. This move reflects a belief that the company will continue to win business by offering replacement parts that cost less than those from original engine makers. Other analysts have also been raising their targets recently, bringing the average across all firms to about $403. While the new target is much higher than the current price, it is worth noting that the stock has been volatile lately. The company's ability to keep growing depends on airlines continuing to fly more hours, which wears out parts and creates steady demand for the cheaper alternatives this business provides.
Source: Goldman Sachs
VPT, a subsidiary that makes power systems for spacecraft and military equipment, is now selling its most popular parts through DigiKey. This makes it easier for engineers in the United States to buy the company's specialized electronics like converters and filters. While this is a routine distribution move, it helps the company reach more customers for its electronics segment. This part of the business focuses on high-reliability parts for defense and aviation where failure is not an option.
Source: PRNewsWire
Stifel Nicolaus raised its price target for the stock to $410, up from $390. This move follows the company's recent financial results, which showed a 23 percent jump in sales as airlines bought more replacement parts. While the firm kept its rating unchanged, the new target is well above the current price of about $334. Other analysts have also been raising their expectations lately, bringing the average target across all firms to $391.
Source: Stifel Nicolaus
Management consistently sets a bar they can clear, having topped analyst expectations for eight straight quarters. This shows the business is growing even faster than professional forecasters can keep up with.
| Expectation | |
|---|---|
| EPS | $1.64 |
| Revenue | $1.43B |