B/E Aerospace Receives Average Rating of “Buy” from Analysts (NASDAQ:BEAV)
Shares of B/E Aerospace (NASDAQ:BEAV) have earned an average rating of “Buy” from the nineteen brokerages that are presently covering the stock, Analyst Ratings.Net reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $102.94.
BEAV has been the subject of a number of recent research reports. Analysts at Cowen and Company reiterated an “outperform” rating on shares of B/E Aerospace in a research note on Thursday, August 14th. 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) opened at 82.50 on Friday. 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 $89.35 and its 200-day moving average is $88.7. The company has a market cap of $8.687 billion and a P/E ratio of 21.39.
B/E Aerospace (NASDAQ:BEAV) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.89 earnings per share. The company’s quarterly revenue 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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