B/E Aerospace Inc. Sets New 1-Year High at $73.95 (BEAV)
B/E Aerospace (NASDAQ:BEAV) set a new 52-week high during trading on Tuesday, AnalystRatingsNetwork reports. The stock traded as high as $73.95 and last traded at $73.25, with a volume of 655,741 shares. The stock had previously closed at $72.17.
A number of analysts have recently weighed in on BEAV shares. Analysts at Credit Suisse reiterated a “buy” rating on shares of B/E Aerospace (NASDAQ:BEAV) in a research note to investors on Tuesday, September 3rd. They now have a $79.00 price target on the stock. Separately, analysts at CRT Capital raised their price target on shares of B/E Aerospace (NASDAQ:BEAV) from $71.00 to $85.00 in a research note to investors on Tuesday, September 3rd. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of B/E Aerospace (NASDAQ:BEAV) from $66.00 to $72.00 in a research note to investors on Thursday, July 25th.
Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $77.57.
B/E Aerospace has a 52-week low of $39.22 and a 52-week high of $73.91. The stock’s 50-day moving average is $70.22 and its 200-day moving average is $63.56. The company has a market cap of $7.675 billion and a price-to-earnings ratio of 26.99.
B/E Aerospace (NASDAQ:BEAV) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.04. The company had revenue of $850.50 million for the quarter, compared to the consensus estimate of $842.86 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was down 15.3% on a year-over-year basis. Analysts expect that B/E Aerospace will post $3.55 EPS for the current fiscal year.
B/E Aerospace, Inc is a manufacturer of cabin interior products for commercial aircraft and business jets and distributor of aerospace fasteners and consumables.
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