B/E Aerospace Inc. (BEAV) Price Target Raised to $62.00
B/E Aerospace Inc. (NASDAQ:BEAV) had its price target hoisted by research analysts at Citigroup Inc. from $60.00 to $62.00 in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 18.57% from the stock’s current price.
BEAV has been the topic of several other reports. Morgan Stanley initiated coverage on shares of B/E Aerospace in a report on Thursday, June 23rd. They set an “equal weight” rating on the stock. Deutsche Bank AG lifted their price objective on shares of B/E Aerospace from $55.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, October 5th. Jefferies Group reissued a “hold” rating on shares of B/E Aerospace in a report on Monday, August 1st. KeyCorp reissued a “buy” rating and set a $56.00 price objective on shares of B/E Aerospace in a report on Wednesday, September 28th. Finally, Robert W. Baird initiated coverage on shares of B/E Aerospace in a report on Wednesday, October 5th. They set an “outperform” rating and a $61.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $55.42.
B/E Aerospace (NASDAQ:BEAV) traded up 0.57% during trading on Monday, hitting $52.59. The stock had a trading volume of 353,433 shares. The firm has a 50 day moving average of $50.48 and a 200-day moving average of $48.15. B/E Aerospace has a 12 month low of $36.38 and a 12 month high of $53.25. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 18.18 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. The business had revenue of $753 million for the quarter, compared to analyst estimates of $714.04 million. B/E Aerospace had a net margin of 10.56% and a return on equity of 367.98%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. Equities analysts predict that B/E Aerospace will post $3.26 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC increased its stake in 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 last quarter. Advisor Group Inc. bought a new stake in B/E Aerospace during the second quarter valued at approximately $106,000. FineMark National Bank & Trust increased its stake in 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 last quarter. Bessemer Group Inc. bought a new stake in B/E Aerospace during the first quarter valued at approximately $171,000. Finally, CIBC Asset Management Inc increased its stake in 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 last quarter. Institutional investors and hedge funds own 96.25% of the company’s stock.
About B/E Aerospace
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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