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Is this Large Market Cap Stock target price reasonable for HEICO Corporation (NYSE:HEI)?

The company in question is, HEICO Corporation (NYSE:HEI) currently with a stock price of 67 (0.19% today). The market cap for HEICO Corporation is 4246.25, and is in the sector Industrial Goods, and Aerospace/Defense Products & Services industry. The target price for HEICO Corporation is 58. Currently HEICO Corporation is trading with a P/E of 30.3, and a forward P/E of 26.32. Average volume for HEICO Corporation is 179.1 and so far today it is 26507.

Performance in the last year for HEICO Corporation has been 35.02%. For EPS growth, HEICO Corporation has seen a growth of 9.40%, and is looking to grow in the next year to 11.94%. More long term stats show that EPS growth has been 18.70% over the last five years and could be 11.76% for the next five years. HEICO Corporation has seen sales growth quarter over quarter at 18.50%, with EPS growth quarter over quarter at 21.50%. The 20-day simple moving average is -3.76%, with the 200-day simple moving average coming to 6.45%.

Since the IPO date for HEICO Corporation on the 3/17/1992, HEICO Corporation has seen performance year to date to be 23.16%. With HEICO Corporation trading at 67, the dividend yield is 0.24%, and the EPS is 2.21.

So could HEICO Corporation, be undervalued? Well as said before P/E is 30.3. The PEG is 2.58, P/S is 3.17 and the P/B is at 4.82. The P/cash is 156.11, with P/free cash flow at 22.87.

HEICO Corporation ability to deal with debt shows that the current ratio is 3, and the quick ratio is 1.4. This is with long term debt/equity at 0.55, and total debt/equity at 0.55.

In terms of margins, HEICO Corporation has a gross margin of 37.80%, an operating margin of 19.20% and a profit margin of 11.20%.Payout ratio for HEICO Corporation is 7.10%. Return on assets come to 7.70% with return on investment coming to 13.40%.

Insider ownership for HEICO Corporation, is at 4.30% and institutional ownership comes to 71.60%. Outstanding shares are at 63.5. While shares float is 56.83. The float short is currently 2.41%, and short ratio is 7.66.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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