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B/E Aerospace (NASDAQ:BEAV) was downgraded by equities researchers at Morgan Stanley to an “overweight” rating in a research report issued on Wednesday. They currently have a $105.00 price target on the stock. Morgan Stanley’s price target indicates a potential upside of 11.52% from the company’s current price.

The analysts wrote, “Since ‘strategic alternatives’ speculation began many have argued that they fail to see the merits of spinning off the ‘Services’ business given that comparable companies trade at discounts to BEAV. “We’ve argued that (A) the market meaningfully under-appreciates BEAV’s growth profile and (B) the value of a spinoff is that it raises the probability of a future deal with the value creation coming from deal premium rather than SOP financial engineering – both of which we feel were supported by today’s disclosures. Surprisingly – since BEAV postponed its May 5th investor meeting and began exploring strategic alternatives, the stock is up only 5.8% as of Tues. vs. the DJ A&D index’s 4.2% increase despite BEAV’s beta to the industry as well as material, EPS accretive announcements during this time.”

B/E Aerospace (NASDAQ:BEAV) opened at 92.90 on Wednesday. B/E Aerospace has a one year low of $60.47 and a one year high of $101.13. The stock’s 50-day moving average is $94.28 and its 200-day moving average is $86.94. The company has a market cap of $9.778 billion and a price-to-earnings ratio of 25.45. B/E Aerospace also was the recipient of some unusual options trading on Tuesday. Investors purchased 31,943 call options on the company. This is an increase of 531% compared to the average volume of 5,062 call options.

B/E Aerospace (NASDAQ:BEAV) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.06 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. Analysts expect that B/E Aerospace will post $4.39 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on BEAV. Analysts at Topeka Capital Markets raised their price target on shares of B/E Aerospace from $108.00 to $111.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity downgraded shares of B/E Aerospace from a “buy” rating to a “hold” rating in a research note on Wednesday. They now have a $98.00 price target on the stock, down previously from $100.00. Finally, analysts at Jefferies Group downgraded shares of B/E Aerospace from a “buy” rating to a “hold” rating in a research note on Wednesday. They now have a $97.00 price target on the stock, down previously from $107.00. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $100.64.

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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