B/E Aerospace Inc. (BEAV) Coverage Initiated by Analysts at Robert W. Baird
Robert W. Baird initiated coverage on shares of B/E Aerospace Inc. (NASDAQ:BEAV) in a research note published on Wednesday morning. The firm issued an outperform rating and a $61.00 price objective on the stock.
Several other equities research analysts also recently weighed in on BEAV. Morgan Stanley started coverage on shares of B/E Aerospace in a research note 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 target price on the stock in a research note on Wednesday, June 29th. Jefferies Group reaffirmed a hold rating on shares of B/E Aerospace in a research note on Monday, August 1st. KeyCorp reaffirmed a buy rating and set a $56.00 target price on shares of B/E Aerospace in a research note on Wednesday, September 28th. Finally, Deutsche Bank AG upped their target price on shares of B/E Aerospace from $55.00 to $66.00 and gave the stock a buy rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. B/E Aerospace currently has an average rating of Buy and an average price target of $54.82.
B/E Aerospace (NASDAQ:BEAV) traded up 0.30% during midday trading on Wednesday, hitting $52.76. 236,651 shares of the stock traded hands. B/E Aerospace has a one year low of $36.38 and a one year high of $52.87. The company has a 50-day moving average price of $50.24 and a 200 day moving average price of $48.08. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 18.24 and a beta of 1.03.
B/E Aerospace (NASDAQ:BEAV) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.84 EPS for the quarter, topping the 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 firm had revenue of $753 million for the quarter, compared to analyst estimates of $714.04 million. During the same period in the prior year, the business posted $0.75 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts anticipate that B/E Aerospace will post $3.26 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 15th were issued 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 1.60%. B/E Aerospace’s dividend payout ratio (DPR) is presently 28.97%.
Several large investors have recently modified their holdings of BEAV. CIBC Asset Management Inc increased its stake 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 worth $245,000 after buying an additional 52 shares during the period. Baird Financial Group Inc. boosted its stake in B/E Aerospace by 1.4% in the second quarter. Baird Financial Group Inc. now owns 6,965 shares of the company’s stock valued at $321,000 after buying an additional 95 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in B/E Aerospace by 0.7% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,512 shares of the company’s stock valued at $670,000 after buying an additional 98 shares in the last quarter. 1st Global Advisors Inc. boosted its stake in B/E Aerospace by 2.1% in the second quarter. 1st Global Advisors Inc. now owns 5,652 shares of the company’s stock valued at $261,000 after buying an additional 115 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in 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 valued at $1,592,000 after buying an additional 187 shares in the last quarter. Institutional investors and hedge funds 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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