Short Interest in B/E Aerospace Drops By 27.1% (BEAV)
Shares of B/E Aerospace (NASDAQ:BEAV) were the target of a significant drop in short interest in the month of 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, American Banking and Market News reports. Based on an average daily volume of 1,299,582 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.8% of the company’s stock are short sold.
BEAV has been the subject of a number of recent research reports. 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. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $87.51.
Shares of B/E Aerospace (NASDAQ:BEAV) opened at 82.85 on Friday. 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 $8.567 billion and a P/E ratio of 23.15.
B/E Aerospace (NASDAQ:BEAV) last released its earnings data on Thursday, January 30th. The company reported $0.90 EPS for the quarter, missing the Thomson Reuters 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.
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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