B/E Aerospace Receives Outperform Rating from Cowen and Company (BEAV)
B/E Aerospace (NASDAQ:BEAV)‘s stock had its “outperform” rating restated by research analysts at Cowen and Company in a report released on Thursday. They currently have a $93.00 price objective on the stock, down from their previous price objective of $104.00. Cowen and Company’s target price suggests a potential upside of 10.52% from the company’s current price.
B/E Aerospace (NASDAQ:BEAV) traded down 1.41% on Thursday, hitting $82.96. The stock had a trading volume of 953,443 shares. B/E Aerospace has a 52 week low of $67.38 and a 52 week high of $101.13. The stock has a 50-day moving average of $90.18 and a 200-day moving average of $88.71. The company has a market cap of $8.736 billion and a P/E ratio of 21.91. B/E Aerospace also was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 3,226,550 shares, an increase of 39.9% from the July 15th total of 2,306,582 shares. Currently, 3.1% of the shares of the stock are sold short. Based on an average daily volume of 1,982,425 shares, the days-to-cover ratio is presently 1.6 days.
B/E Aerospace (NASDAQ:BEAV) last announced its earnings results on Wednesday, July 23rd. The company reported $1.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.07 by $0.06. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company posted $0.89 earnings per share. B/E Aerospace’s revenue was up 28.1% compared to the same quarter last year. On average, analysts predict that B/E Aerospace will post $4.46 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at CRT Capital raised their price target on shares of B/E Aerospace from $100.00 to $106.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of B/E Aerospace from $112.00 to $120.00 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of B/E Aerospace from $102.00 to $109.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $102.94.
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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