B/E Aerospace Rating Reiterated by Credit Agricole (BEAV)
B/E Aerospace (NASDAQ:BEAV)‘s stock had its “outperform” rating restated by research analysts at Credit Agricole in a report released on Friday. They currently have a $100.00 price objective on the stock, down from their previous price objective of $103.00. Credit Agricole’s price target would indicate a potential upside of 19.36% from the company’s current price.
Shares of B/E Aerospace (NASDAQ:BEAV) opened at 83.78 on Friday. B/E Aerospace has a 52 week low of $69.74 and a 52 week high of $101.13. The stock has a 50-day moving average of $86.07 and a 200-day moving average of $89.14. The company has a market cap of $8.822 billion and a P/E ratio of 21.80. B/E Aerospace also was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 4,257,941 shares, a growth of 32.0% from the July 31st total of 3,226,550 shares. Based on an average trading volume of 1,299,922 shares, the days-to-cover ratio is presently 3.3 days. Approximately 4.1% of the shares of the stock are sold short.
B/E Aerospace (NASDAQ:BEAV) last released its earnings data 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. 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 Deutsche Bank upgraded shares of B/E Aerospace from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $96.00 price target on the stock, up previously from $95.00. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of B/E Aerospace in a research note on Wednesday. They now have a $96.00 price target on the stock, down previously from $97.00. Finally, 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. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $104.25.
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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