B/E Aerospace Coverage Initiated by Analysts at Citigroup Inc. (BEAV)
Equities research analysts at Citigroup Inc. initiated coverage on shares of B/E Aerospace (NASDAQ:BEAV) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $87.00 price target on the stock. Citigroup Inc.’s price target would suggest a potential upside of 19.33% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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.
Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $78.20.
B/E Aerospace (NASDAQ:BEAV) opened at 74.09 on Monday. B/E Aerospace has a 1-year low of $40.83 and a 1-year high of $74.10. The stock has a 50-day moving average of $70.61 and a 200-day moving average of $64.08. The company has a market cap of $7.764 billion and a price-to-earnings ratio of 27.27.
B/E Aerospace (NASDAQ:BEAV) last announced its earnings results 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 last year, the company posted $0.72 earnings per share. B/E Aerospace’s revenue was down 15.3% compared to the same quarter last year. Analysts expect that B/E Aerospace will post $3.56 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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