Heico Corporation (HEI, Financial) has revealed a significant leadership change set to take place on May 1. Laurans Mendelson, who currently serves as the company's chairman and CEO, will transition to the role of executive chairman of the board of directors. This move allows him to continue influencing the company's strategic direction by leading the board.
In tandem with this transition, the company's current co-presidents, Eric Mendelson and Victor Mendelson, are appointed as co-CEOs. Since 2009, they have jointly managed the company's operations as co-presidents, and their promotion to the chief executive officer positions marks a new chapter for the company’s leadership.
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 $270.33 with a high estimate of $320.00 and a low estimate of $219.33. The average target implies an upside of 10.46% from the current price of $244.74. 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 $299.69, suggesting a upside of 22.45% from the current price of $244.74. 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.
