B/E Aerospace Inc. (BEAV) PT Raised to $62.00
B/E Aerospace Inc. (NASDAQ:BEAV) had its target price increased by analysts at Citigroup Inc. from $60.00 to $62.00 in a report released on Monday. The brokerage currently has a “buy” rating on the stock. Citigroup Inc.’s price target would indicate a potential upside of 21.40% from the company’s previous close.
Several other research analysts have also recently issued reports on BEAV. Morgan Stanley started coverage on shares of B/E Aerospace in a report on Thursday, June 23rd. They set an “equal weight” rating on the stock. Zacks Investment Research raised shares of B/E Aerospace from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Wednesday, June 29th. Jefferies Group reissued a “hold” rating on shares of B/E Aerospace in a research report on Monday, August 1st. KeyCorp reissued a “buy” rating and set a $56.00 price target on shares of B/E Aerospace in a research report on Wednesday, September 28th. Finally, Deutsche Bank AG increased their price target on shares of B/E Aerospace from $55.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, October 5th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $55.42.
Shares of B/E Aerospace (NASDAQ:BEAV) opened at 51.07 on Monday. The stock has a 50 day moving average of $50.61 and a 200-day moving average of $48.23. B/E Aerospace has a 52 week low of $36.38 and a 52 week high of $53.25. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 17.65 and a beta of 1.03.
B/E Aerospace (NASDAQ:BEAV) last issued its earnings results on Tuesday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. B/E Aerospace had a net margin of 10.56% and a return on equity of 367.98%. The company had revenue of $753 million for the quarter, compared to analysts’ expectations of $714.04 million. During the same period in the prior year, the business earned $0.75 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts anticipate that B/E Aerospace will post $3.26 EPS for the current year.
A number of institutional investors have recently modified their holdings of the company. Thompson Siegel & Walmsley LLC increased its position in shares of B/E Aerospace by 177.1% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,217 shares of the company’s stock valued at $102,000 after buying an additional 1,417 shares during the period. Advisor Group Inc. acquired a new position in shares of B/E Aerospace during the second quarter valued at $106,000. FineMark National Bank & Trust increased its position in shares of B/E Aerospace by 10.4% in the second quarter. FineMark National Bank & Trust now owns 2,839 shares of the company’s stock valued at $131,000 after buying an additional 268 shares during the period. Bessemer Group Inc. acquired a new position in shares of B/E Aerospace during the first quarter valued at $171,000. Finally, CIBC Asset Management Inc increased its position in shares of B/E Aerospace by 1.0% in the second quarter. CIBC Asset Management Inc now owns 5,299 shares of the company’s stock valued at $245,000 after buying an additional 52 shares during the period. Institutional investors own 96.25% of the company’s stock.
B/E Aerospace Company Profile
B/E Aerospace, Inc is a manufacturer of cabin interior products for commercial aircraft and business jets. The Company sells its products and provides services to various airlines and aerospace manufacturers across the world. It operates through two segments: commercial aircraft (CAS) and business jet (BJS).
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