Truist has revised its price target for Heico (HEI, Financial), reducing it to $277 from the previous $294, while maintaining a Buy rating on the shares. This adjustment comes as part of a broader analysis of the aerospace and defense sector ahead of anticipated first-quarter earnings reports.
The upcoming earnings season is expected to present a challenging landscape characterized by significant uncertainties, with management teams potentially offering unclear guidance for 2025. Contributing factors to this uncertainty include potential tariff implications and ongoing recessionary concerns, both of which could significantly influence this cyclically-sensitive sector.
In light of these challenges, Truist suggests that investors may find more stability and predictability in the defense sector. This recommendation is based on recent positive developments in defense spending, which could provide a more favorable investment environment amidst the broader industry turbulence.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Heico Corp (HEI, Financial) is $271.40 with a high estimate of $320.00 and a low estimate of $219.33. The average target implies an upside of 9.81% from the current price of $247.15. More detailed estimate data can be found on the Heico Corp (HEI) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Heico Corp's (HEI, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Heico Corp (HEI, Financial) in one year is $296.34, suggesting a upside of 19.9% from the current price of $247.15. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Heico Corp (HEI) Summary page.
