Zacks Upgrades B/E Aerospace to “Outperform” (BEAV)
B/E Aerospace (NASDAQ:BEAV) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday, American Banking News.com reports. The firm currently has a $78.60 target price on the stock. Zacks‘ price objective points to a potential upside of 6.39% from the stock’s previous close.
Shares of B/E Aerospace (NASDAQ:BEAV) traded down 2.04% on Tuesday, hitting $73.88. The stock had a trading volume of 776,562 shares. B/E Aerospace has a 52 week low of $41.93 and a 52 week high of $76.24. The stock has a 50-day moving average of $72.12 and a 200-day moving average of $66.34. The company has a market cap of $7.742 billion and a P/E ratio of 28.20.
B/E Aerospace (NASDAQ:BEAV) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was down 15.3% on a year-over-year basis. On average, analysts predict that B/E Aerospace will post $3.56 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. initiated coverage on shares of B/E Aerospace in a research note to investors on Monday, September 16th. They set a “buy” rating and a $87.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “buy” rating on shares of B/E Aerospace in a research note to investors on Tuesday, September 3rd. They now have a $79.00 price target on the stock. Finally, analysts at CRT Capital raised their price target on shares of B/E Aerospace 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. Sixteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $78.23.
B/E Aerospace, Inc is a manufacturer of cabin interior products for commercial aircraft and business jets and distributor of aerospace fasteners and consumables.
To view Zacks’ full report, visit www.zacks.com
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