Heico Corporation (HEI, Financial) has expanded its business operations by acquiring Rosen Aviation through its subsidiary, Mid Continent Controls. The transaction involved a cash settlement, although specific financial details have not been revealed.
This acquisition aligns with Heico's strategic growth plan, as it anticipates a positive impact on its earnings within a year. The move also marks Heico's fourth acquisition in the last six months, underlining its aggressive expansion efforts.
Both Mid Continent Controls and Rosen Aviation are integral to the Radiant Power family, within Heico's Electronic Technologies Group. Leadership for both entities will be consolidated under Thomas Hemphill, the current president of Mid Continent Controls, who will oversee operations.
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.
