B/E Aerospace Coverage Initiated at Canaccord Genuity (BEAV)
Research analysts at Canaccord Genuity initiated coverage on shares of B/E Aerospace (NASDAQ:BEAV) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of B/E Aerospace (NASDAQ:BEAV) opened at 72.81 on Thursday. B/E Aerospace has a 52-week low of $41.93 and a 52-week high of $76.24. The stock’s 50-day moving average is $72.22 and its 200-day moving average is $66.4. The company has a market cap of $7.630 billion and a P/E ratio of 27.23.
B/E Aerospace (NASDAQ:BEAV) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the 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.
A number of other analysts have also recently weighed in on BEAV. Analysts at Deutsche Bank raised their price target on shares of B/E Aerospace from $72.00 to $73.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus 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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