HEICO Corporation (HEI, Financial) has unveiled a significant transition in its executive leadership team. Effective May 1, 2025, Laurans Mendelson will transition from his role as Chairman and CEO to become the Executive Chairman of the Board of Directors. In a strategic move, Eric Mendelson and Victor Mendelson will step into the roles of Co-CEOs.
Eric and Victor Mendelson have been integral to HEICO's operations as Co-Presidents since 2009. Beyond their shared responsibilities, Eric Mendelson has been the driving force behind the Flight Support Group since establishing it in 1993, while Victor Mendelson has led the Electronic Technologies Group since its inception in 1996. Both will continue to oversee these divisions alongside their new duties as Co-CEOs.
Laurans Mendelson, in his upcoming role as Executive Chairman, will maintain a pivotal position in shaping HEICO's strategic direction, offering guidance to the Board of Directors, and nurturing vital relationships with investors and other key stakeholders. This shift in leadership aligns with HEICO's long-standing internal succession strategy, which has been systematically reviewed and planned by the Board of Directors over the years. The transition highlights the evolving responsibilities the Mendelson brothers have embraced and underscores the company's commitment to a seamless leadership transformation.
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.
