B/E Aerospace Price Target Raised to $73.00 at Deutsche Bank (BEAV)
Deutsche Bank lifted their price objective on shares of B/E Aerospace (NASDAQ:BEAV) from $72.00 to $73.00 in a research note issued on Wednesday, Analyst RN reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would indicate a potential upside of 0.26% from the company’s current price.
Shares of B/E Aerospace (NASDAQ:BEAV) traded down 1.45% during mid-day trading on Wednesday, hitting $72.81. The stock had a trading volume of 642,156 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 $72.22 and a 200-day moving average of $66.4. The company has a market cap of $7.630 billion and a price-to-earnings ratio of 27.63.
B/E Aerospace (NASDAQ:BEAV) last issued its quarterly earnings data 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. Analysts expect that B/E Aerospace will post $3.56 EPS for the current fiscal year.
A number of other firms have also recently commented on BEAV. Analysts at Zacks upgraded shares of B/E Aerospace from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $78.60 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $78.29.
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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