B/E Aerospace PT Raised to $87.00 at Oppenheimer (BEAV)
Analysts at Oppenheimer boosted their price objective on shares of B/E Aerospace (NASDAQ:BEAV) from $79.00 to $87.00 in a research report issued to clients and investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective points to a potential upside of 6.05% from the stock’s previous close.
B/E Aerospace (NASDAQ:BEAV) traded up 1.08% during mid-day trading on Tuesday, hitting $82.04. 934,183 shares of the company’s stock traded hands. B/E Aerospace has a 52-week low of $41.93 and a 52-week high of $82.68. The stock has a 50-day moving average of $76.27 and a 200-day moving average of $68.66. The company has a market cap of $8.466 billion and a P/E ratio of 24.01.
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 $3.55 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of B/E Aerospace from $85.00 to $95.00 in a research note to investors on Monday, October 28th. They now have a “buy” rating on the stock. Separately, analysts at Sterne Agee raised their price target on shares of B/E Aerospace from $80.00 to $88.00 in a research note to investors on Thursday, October 24th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of B/E Aerospace from $83.00 to $88.00 in a research note to investors on Thursday, October 24th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $82.20.
B/E Aerospace, Inc is a manufacturer of cabin interior products for commercial aircraft and business jets and distributor of aerospace fasteners and consumables.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.