Short Interest in B/E Aerospace Rises By 39.9% (BEAV)
Shares of B/E Aerospace (NASDAQ:BEAV) were the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totalling 3,226,550 shares, a growth of 39.9% from the July 15th total of 2,306,582 shares, AmericanBankingNews.com reports. Approximately 3.1% of the company’s stock are short sold. Based on an average trading volume of 1,982,425 shares, the short-interest ratio is currently 1.6 days.
A number of analysts have recently weighed in on BEAV shares. 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 research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $103.63.
Shares of B/E Aerospace (NASDAQ:BEAV) opened at 84.15 on Thursday. B/E Aerospace has a 1-year low of $67.38 and a 1-year high of $101.13. The stock’s 50-day moving average is $90.18 and its 200-day moving average is $88.71. The company has a market cap of $8.861 billion and a price-to-earnings ratio of 21.89.
B/E Aerospace (NASDAQ:BEAV) last released its earnings data 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.
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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