HEICO Corp (NYSE: HEI) has reported earnings for its third fiscal quarter (ending July 31) of $0.99 versus $0.74 for the same period a year ago. For the latest four quarters through July 31, E.P.S. were $3.46 compared to $2.90 a year ago.
Recent Price Action
HEICO Corp (NYSE: HEI) stock closed at $245.90 on 8/26/24 after a slight decline of -0.3%. Moreover, trading volume in this decline was unusually high at 157% of normal. The stock has risen 2.2% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, HEI is expected to continue to be an important Value Builder.
HEICO has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. HEICO has a poor Appreciation Score of 21 but a very high Power Rating of 93, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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