B/E Aerospace Receives Average Rating of “Buy” from Analysts (NASDAQ:BEAV)
B/E Aerospace (NASDAQ:BEAV) has been given a consensus recommendation of “Buy” by the twenty-two analysts that are presently covering the stock, Stock Ratings Network.com reports. Two investment analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $87.51.
B/E Aerospace (NASDAQ:BEAV) traded down 0.71% on Friday, hitting $82.265. 278,159 shares of the company’s stock traded hands. B/E Aerospace has a one year low of $51.53 and a one year high of $88.43. The stock has a 50-day moving average of $81.88 and a 200-day moving average of $79.16. The company has a market cap of $8.506 billion and a P/E ratio of 23.54. B/E Aerospace also was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 1,830,761 shares, a drop of 27.1% from the January 15th total of 2,511,124 shares. Based on an average trading volume of 1,299,582 shares, the short-interest ratio is currently 1.4 days. Approximately 1.8% of the company’s stock are sold short.
B/E Aerospace (NASDAQ:BEAV) last announced its earnings results 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. Analysts expect that B/E Aerospace will post $4.34 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at CRT Capital raised their price target on shares of B/E Aerospace from $85.00 to $100.00 in a research note on Wednesday, February 5th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of B/E Aerospace from $93.00 to $95.00 in a research note on Friday, January 31st. Finally, analysts at Topeka Capital Markets initiated coverage on shares of B/E Aerospace in a research note on Tuesday, January 21st. They set a “buy” rating on the stock.
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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