B/E Aerospace Stock Rating Reaffirmed by Credit Suisse (BEAV)
B/E Aerospace (NASDAQ:BEAV)‘s stock had its “outperform” rating restated by investment analysts at Credit Suisse in a note issued to investors on Friday. They currently have a $100.00 target price on the stock, down from their previous target price of $103.00. Credit Suisse’s target price points to a potential upside of 19.36% from the company’s current price.
A number of other analysts have also recently weighed in on BEAV. Analysts at Credit Agricole reiterated an “outperform” rating on shares of B/E Aerospace in a research note on Friday. They now have a $100.00 price target on the stock, down previously from $103.00. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $104.00.
B/E Aerospace (NASDAQ:BEAV) traded up 1.83% during mid-day trading on Friday, hitting $85.31. 465,500 shares of the company’s stock traded hands. B/E Aerospace has a one year low of $69.74 and a one year high of $101.13. The stock’s 50-day moving average is $86.07 and its 200-day moving average is $89.14. The company has a market cap of $8.983 billion and a price-to-earnings ratio of 21.81. B/E Aerospace also was the target of a significant growth in short interest in 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 company are sold short.
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 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. 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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