B/E Aerospace Given New $95.00 Price Target at JPMorgan Chase & Co. (BEAV)
Analysts at JPMorgan Chase & Co. upped their price target on shares of B/E Aerospace (NASDAQ:BEAV) from $93.00 to $95.00 in a research report issued to clients and investors on Friday, Analyst Ratings.Net reports. JPMorgan Chase & Co.’s price target indicates a potential upside of 23.18% from the stock’s previous close.
Shares of B/E Aerospace (NASDAQ:BEAV) traded up 3.00% on Friday, hitting $79.435. 2,266,232 shares of the company’s stock traded hands. B/E Aerospace has a 52-week low of $51.53 and a 52-week high of $88.43. The stock’s 50-day moving average is $84.40 and its 200-day moving average is $78.13. The company has a market cap of $8.322 billion and a price-to-earnings ratio of 22.82.
B/E Aerospace (NASDAQ:BEAV) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.90 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.91 by $0.01. The company had revenue of $903.10 million for the quarter, compared to the consensus estimate of $887.38 million. On average, analysts predict that B/E Aerospace will post $4.36 earnings per share for the current fiscal year.
BEAV has been the subject of a number of other recent research reports. Analysts at Topeka Capital Markets initiated coverage on shares of B/E Aerospace in a research note to investors on Tuesday, January 21st. They set a “buy” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of B/E Aerospace from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 23rd. Finally, analysts at Deutsche Bank raised their price target on shares of B/E Aerospace from $77.00 to $94.00 in a research note to investors on Tuesday, December 17th. They now have a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. B/E Aerospace has an average rating of “Buy” and a consensus target price of $86.72.
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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