B/E Aerospace Rating Lowered to Buy at Goldman Sachs (BEAV)
B/E Aerospace (NASDAQ:BEAV) was downgraded by investment analysts at Goldman Sachs from a “conviction-buy” rating to a “buy” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on BEAV. Analysts at Morgan Stanley downgraded shares of B/E Aerospace to an “overweight” rating in a research note on Wednesday, June 11th. They now have a $105.00 price target on the stock. Separately, 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, June 11th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity downgraded shares of B/E Aerospace from a “buy” rating to a “hold” rating in a research note on Wednesday, June 11th. They now have a $98.00 price target on the stock, down previously from $100.00. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $100.33.
B/E Aerospace (NASDAQ:BEAV) traded down 1.26% on Monday, hitting $93.77. 313,017 shares of the company’s stock traded hands. B/E Aerospace has a one year low of $60.47 and a one year high of $101.13. The stock has a 50-day moving average of $95.95 and a 200-day moving average of $87.33. The company has a market cap of $9.869 billion and a P/E ratio of 25.67.
B/E Aerospace (NASDAQ:BEAV) last released 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 $4.41 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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