B/E Aerospace Inc. (BEAV) PT Raised to $66.00 at Deutsche Bank AG
B/E Aerospace Inc. (NASDAQ:BEAV) had its target price raised by equities researchers at Deutsche Bank AG from $55.00 to $66.00 in a report released on Wednesday. The firm currently has a “buy” rating on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 28.08% from the stock’s previous close.
A number of other brokerages have also issued reports on BEAV. KeyCorp reissued a “buy” rating and issued a $56.00 target price on shares of B/E Aerospace in a research report on Wednesday, September 28th. Morgan Stanley began coverage on B/E Aerospace in a research report on Thursday, June 23rd. They issued an “equal weight” rating on the stock. Jefferies Group reissued a “hold” rating on shares of B/E Aerospace in a research report on Monday, August 1st. Finally, Zacks Investment Research lowered B/E Aerospace from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $54.20.
B/E Aerospace (NASDAQ:BEAV) traded up 2.27% during mid-day trading on Wednesday, hitting $52.70. The stock had a trading volume of 242,415 shares. The stock has a market cap of $5.36 billion, a P/E ratio of 18.22 and a beta of 1.03. The firm has a 50-day moving average of $50.11 and a 200-day moving average of $48.05. B/E Aerospace has a 52-week low of $36.38 and a 52-week high of $52.87.
B/E Aerospace (NASDAQ:BEAV) last announced its earnings results on Tuesday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The company had revenue of $753 million for the quarter, compared to analyst estimates of $714.04 million. B/E Aerospace had a return on equity of 367.98% and a net margin of 10.56%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 earnings per share. On average, analysts forecast that B/E Aerospace will post $3.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 15th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.63%. B/E Aerospace’s payout ratio is currently 28.97%.
Several institutional investors have recently modified their holdings of BEAV. Mason Street Advisors LLC purchased a new position in shares of B/E Aerospace during the second quarter worth approximately $2,152,000. Royal Bank of Canada increased its position in shares of B/E Aerospace by 11.5% in the second quarter. Royal Bank of Canada now owns 54,033 shares of the company’s stock worth $2,495,000 after buying an additional 5,588 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of B/E Aerospace by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 34,477 shares of the company’s stock worth $1,592,000 after buying an additional 187 shares during the last quarter. Calvert Investment Management Inc. increased its position in shares of B/E Aerospace by 3.3% in the second quarter. Calvert Investment Management Inc. now owns 8,170 shares of the company’s stock worth $377,000 after buying an additional 259 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of B/E Aerospace by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 314,063 shares of the company’s stock worth $14,502,000 after buying an additional 13,527 shares during the last quarter. Hedge funds and other 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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