B/E Aerospace (BEAV) Posts Quarterly Results
B/E Aerospace (NASDAQ:BEAV) issued its quarterly earnings data on Wednesday. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01, AnalystRatings.Net reports. The company had revenue of $881.10 million for the quarter, compared to the consensus estimate of $854.10 million.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity initiated coverage on shares of B/E Aerospace in a research note to investors on Thursday, October 10th. They set a “buy” rating and a $88.00 price target on the stock. On the ratings front, 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, October 9th. They now have a “hold” rating on the stock. Finally, 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, October 8th. They now have a $78.60 price target on the stock. One analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $78.86.
Shares of B/E Aerospace (NASDAQ:BEAV) opened at 77.525 on Wednesday. B/E Aerospace has a 52-week low of $40.83 and a 52-week 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 $8.124 billion and a P/E ratio of 28.99.
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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