B/E Aerospace Inc. (BEAV) Receives $57.00 Consensus Target Price from Brokerages
B/E Aerospace Inc. (NASDAQ:BEAV) has been assigned a consensus rating of “Buy” from the fourteen analysts that are presently covering the company. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $56.50.
Several research firms recently issued reports on BEAV. Goldman Sachs Group Inc. cut shares of B/E Aerospace from a “buy” rating to a “neutral” rating and cut their price target for the stock from $56.00 to $52.00 in a report on Wednesday. Citigroup Inc. increased their price target on shares of B/E Aerospace from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, October 10th. Robert W. Baird began coverage on shares of B/E Aerospace in a report on Wednesday, October 5th. They set an “outperform” rating and a $61.00 price target for the company. Deutsche Bank AG increased their price target on shares of B/E Aerospace from $55.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, October 5th. Finally, KeyCorp reissued a “buy” rating and set a $56.00 price target on shares of B/E Aerospace in a report on Wednesday, September 28th.
A number of hedge funds have recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC raised its stake 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 worth $102,000 after buying an additional 1,417 shares during the period. Advisor Group Inc. purchased a new stake in shares of B/E Aerospace during the second quarter worth about $106,000. FineMark National Bank & Trust raised its stake 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 worth $131,000 after buying an additional 268 shares during the period. Bessemer Group Inc. purchased a new stake in shares of B/E Aerospace during the first quarter worth about $171,000. Finally, CIBC Asset Management Inc raised 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. Hedge funds and other institutional investors own 96.25% of the company’s stock.
B/E Aerospace (NASDAQ:BEAV) opened at 50.83 on Wednesday. The firm has a 50-day moving average of $50.68 and a 200-day moving average of $48.30. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 17.57 and a beta of 1.03. B/E Aerospace has a 1-year low of $36.38 and a 1-year high of $53.25.
B/E Aerospace (NASDAQ:BEAV) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.02. The firm earned $753 million during the quarter, compared to analysts’ expectations of $714.04 million. B/E Aerospace had a net margin of 10.56% and a return on equity of 367.98%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. Equities research analysts anticipate that B/E Aerospace will post $3.26 EPS for the current year.
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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