B/E Aerospace Given New $104.00 Price Target at Cowen and Company (BEAV)
Research analysts at Cowen and Company lifted their price target on shares of B/E Aerospace (NASDAQ:BEAV) from $95.00 to $104.00 in a report released on Tuesday. Cowen and Company’s price objective would suggest a potential upside of 5.18% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of B/E Aerospace in a research note on Tuesday, May 13th. They now have a $112.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of B/E Aerospace from an “overweight” rating to a “neutral” rating in a research note on Tuesday, May 13th. They now have a $95.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Sterne Agee raised their price target on shares of B/E Aerospace from $10.00 to $121.00 in a research note on Monday, May 5th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $99.23.
B/E Aerospace (NASDAQ:BEAV) traded down 4.62% on Tuesday, hitting $94.31. 4,900,491 shares of the company’s stock traded hands. B/E Aerospace has a 52 week low of $60.47 and a 52 week high of $101.13. The stock has a 50-day moving average of $94.01 and a 200-day moving average of $86.. The company has a market cap of $9.926 billion and a price-to-earnings ratio of 26.72.
B/E Aerospace (NASDAQ:BEAV) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.01 by $0.05. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $960.25 million. During the same quarter last year, the company posted $0.87 earnings per share. B/E Aerospace’s revenue was up 20.1% compared to the same quarter last year. Analysts expect that B/E Aerospace will post $4.39 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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