B/E Aerospace Inc. (BEAV) Receives $56.22 Consensus Target Price from Brokerages
B/E Aerospace Inc. (NASDAQ:BEAV) has received a consensus rating of “Hold” from the sixteen brokerages that are currently covering the stock. Twelve research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $57.20.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded B/E Aerospace from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Wednesday, October 26th. Vertical Research initiated coverage on shares of B/E Aerospace in a research report on Friday, October 28th. They set a “hold” rating for the company. Gabelli downgraded shares of B/E Aerospace from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Deutsche Bank AG downgraded shares of B/E Aerospace from a “buy” rating to a “hold” rating and set a $62.00 price objective for the company. in a research report on Thursday, November 10th. Finally, Credit Suisse Group AG downgraded shares of B/E Aerospace from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 25th.
Shares of B/E Aerospace (NASDAQ:BEAV) opened at 59.13 on Wednesday. The company’s 50-day moving average price is $55.75 and its 200-day moving average price is $50.00. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 18.02 and a beta of 0.90. B/E Aerospace has a 52-week low of $36.38 and a 52-week high of $60.29.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, November 21st will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.42%. B/E Aerospace’s payout ratio is presently 25.53%.
Several hedge funds have recently bought and sold shares of BEAV. Thompson Siegel & Walmsley LLC boosted 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 worth $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 worth $106,000. Daiwa Securities Group Inc. boosted its stake in B/E Aerospace by 10.9% in the third quarter. Daiwa Securities Group Inc. now owns 2,550 shares of the company’s stock worth $132,000 after buying an additional 250 shares during the last quarter. FineMark National Bank & Trust boosted 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 worth $131,000 after buying an additional 268 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in B/E Aerospace by 16.6% in the third quarter. Tower Research Capital LLC TRC now owns 3,847 shares of the company’s stock worth $198,000 after buying an additional 549 shares during the last quarter. 96.64% of the stock is currently owned by hedge funds and other institutional investors.
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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