Short Interest in B/E Aerospace Grows By 50.6% (BEAV)
B/E Aerospace (NASDAQ:BEAV) saw a large growth in short interest in the month of June. As of June 13th, there was short interest totalling 1,231,782 shares, a growth of 50.6% from the May 30th total of 817,800 shares, Analyst Ratings Network.com reports. Based on an average daily trading volume, of 1,938,256 shares, the short-interest ratio is presently 0.6 days. Currently, 1.2% of the shares of the stock are short sold.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs downgraded shares of B/E Aerospace from a “conviction-buy” rating to a “buy” rating in a research note on Monday, June 23rd. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. B/E Aerospace presently has a consensus rating of “Buy” and a consensus target price of $100.33.
Shares of B/E Aerospace (NASDAQ:BEAV) opened at 94.41 on Wednesday. B/E Aerospace has a 52 week low of $62.32 and a 52 week high of $101.13. The stock has a 50-day moving average of $95.07 and a 200-day moving average of $87.70. The company has a market cap of $9.937 billion and a price-to-earnings ratio of 25.00.
B/E Aerospace (NASDAQ:BEAV) last released its earnings data on Wednesday, April 23rd. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. On average, analysts predict that B/E Aerospace will post $4.41 earnings per share 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.