B/E Aerospace Given Consensus Rating of “Buy” by Analysts (NASDAQ:BEAV)
B/E Aerospace (NASDAQ:BEAV) has received an average recommendation of “Buy” from the nineteen brokerages that are presently covering the stock, American Banking News.com reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $102.94.
Several analysts have recently commented on the stock. Analysts at Cowen and Company reiterated an “outperform” rating on shares of B/E Aerospace in a research note on Thursday. They now have a $93.00 price target on the stock, down previously from $104.00. Separately, 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. Finally, 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.
B/E Aerospace (NASDAQ:BEAV) traded down 0.10% during mid-day trading on Friday, hitting $82.50. The stock had a trading volume of 155,559 shares. B/E Aerospace has a 52 week low of $67.38 and a 52 week high of $101.13. The stock’s 50-day moving average is $89.91 and its 200-day moving average is $88.6. The company has a market cap of $8.687 billion and a price-to-earnings ratio of 21.50. B/E Aerospace also was the target 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. 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.
B/E Aerospace (NASDAQ:BEAV) last released its earnings data on Wednesday, July 23rd. The company reported $1.13 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. Analysts expect that B/E Aerospace will post $4.46 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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