B/E Aerospace Given New $82.00 Price Target at JPMorgan Chase & Co. (BEAV)
Stock analysts at JPMorgan Chase & Co. upped their price target on shares of B/E Aerospace (NASDAQ:BEAV) from $73.00 to $82.00 in a report issued on Thursday, American Banking News.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 0.82% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of B/E Aerospace from $83.00 to $88.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of B/E Aerospace in a research note to investors on Thursday. They now have a $73.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of B/E Aerospace from $80.00 to $83.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. One equities research 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 stock. The stock currently has an average rating of “Buy” and an average price target of $81.20.
B/E Aerospace (NASDAQ:BEAV) traded up 0.18% during mid-day trading on Thursday, hitting $81.33. The stock had a trading volume of 1,052,490 shares. 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 $8.523 billion and a price-to-earnings ratio of 30.36.
B/E Aerospace (NASDAQ:BEAV) last released its earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.01. The company had revenue of $881.10 million for the quarter, compared to the consensus estimate of $854.10 million. During the same quarter last year, the company posted $0.77 earnings per share. B/E Aerospace’s revenue was up 15.8% compared to the same quarter last year. On average, analysts predict that B/E Aerospace will post $3.56 earnings per share 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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