B/E Aerospace Inc. (BEAV) Stock Rating Lowered by Goldman Sachs Group Inc.
B/E Aerospace Inc. (NASDAQ:BEAV) was downgraded by stock analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday.
A number of other equities research analysts have also commented on BEAV. Morgan Stanley started coverage on B/E Aerospace in a research report on Thursday, June 23rd. They set an “equal weight” rating on the stock. Zacks Investment Research raised B/E Aerospace from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Wednesday, June 29th. Jefferies Group reaffirmed a “hold” rating on shares of B/E Aerospace in a research report on Monday, August 1st. KeyCorp reaffirmed 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 raised their price target on B/E Aerospace from $55.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, October 5th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. B/E Aerospace currently has an average rating of “Buy” and a consensus price target of $55.42.
Shares of B/E Aerospace (NASDAQ:BEAV) traded down 0.04% during midday trading on Wednesday, reaching $51.05. The company’s stock had a trading volume of 454,332 shares. B/E Aerospace has a 12 month low of $36.38 and a 12 month high of $53.25. The company has a 50-day moving average price of $50.61 and a 200-day moving average price of $48.23. The firm has a market cap 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 Zacks’ consensus estimate of $0.82 by $0.02. B/E Aerospace had a return on equity of 367.98% and a net margin of 10.56%. The firm had revenue of $753 million for the quarter, compared to analysts’ expectations of $714.04 million. During the same quarter last year, the business earned $0.75 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. Equities analysts expect that B/E Aerospace will post $3.26 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of BEAV. BlackRock Fund Advisors increased its position in shares of B/E Aerospace by 5.4% in the second quarter. BlackRock Fund Advisors now owns 3,975,255 shares of the company’s stock valued at $183,557,000 after buying an additional 205,354 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in B/E Aerospace by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,764,580 shares of the company’s stock valued at $173,829,000 after buying an additional 9,903 shares during the period. State Street Corp increased its stake in B/E Aerospace by 0.4% in the first quarter. State Street Corp now owns 3,652,826 shares of the company’s stock valued at $168,466,000 after buying an additional 15,604 shares during the period. Alliancebernstein L.P. increased its stake in B/E Aerospace by 4,152.8% in the second quarter. Alliancebernstein L.P. now owns 3,344,796 shares of the company’s stock valued at $154,446,000 after buying an additional 3,266,146 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its stake in B/E Aerospace by 20.2% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,150,084 shares of the company’s stock valued at $145,455,000 after buying an additional 528,873 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).
Receive News & Stock Ratings for B/E Aerospace Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for B/E Aerospace Inc. and related stocks with our FREE daily email newsletter.