Fintel reports that on September 28, 2023, Deutsche Bank initiated coverage of Heico (NYSE:HEI) with a Buy recommendation.
Analyst Price Forecast Suggests 19.22% Upside
As of August 31, 2023, the average one-year price target for Heico is 191.03. The forecasts range from a low of 146.45 to a high of $231.00. The average price target represents an increase of 19.22% from its latest reported closing price of 160.24.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Heico is 2,542MM, a decrease of 3.76%. The projected annual non-GAAP EPS is 3.07.
What is the Fund Sentiment?
There are 859 funds or institutions reporting positions in Heico. This is an increase of 21 owner(s) or 2.51% in the last quarter. Average portfolio weight of all funds dedicated to HEI is 0.27%, a decrease of 1.51%. Total shares owned by institutions increased in the last three months by 0.92% to 47,712K shares. 
The put/call ratio of HEI is 0.49, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 2,987K shares representing 2.16% ownership of the company. In it's prior filing, the firm reported owning 3,012K shares, representing a decrease of 0.81%. The firm decreased its portfolio allocation in HEI by 4.51% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 2,795K shares representing 2.02% ownership of the company. No change in the last quarter.
Capital International Investors holds 1,835K shares representing 1.33% ownership of the company. In it's prior filing, the firm reported owning 1,632K shares, representing an increase of 11.07%. The firm increased its portfolio allocation in HEI by 9.10% over the last quarter.
Lazard Asset Management holds 1,755K shares representing 1.27% ownership of the company. In it's prior filing, the firm reported owning 1,582K shares, representing an increase of 9.88%. The firm increased its portfolio allocation in HEI by 201.65% over the last quarter.
CMGIX - Blackrock Mid Cap Growth Equity Portfolio Institutional holds 1,349K shares representing 0.98% ownership of the company. No change in the last quarter.
Heico Background Information
(This description is provided by the company.)
HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers.
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