B/E Aerospace Upgraded at Deutsche Bank (BEAV)
B/E Aerospace (NASDAQ:BEAV) was upgraded by equities researchers at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on BEAV. 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. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. B/E Aerospace presently has a consensus rating of “Buy” and a consensus price target of $105.14.
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 large increase in short interest during the month of August. As of August 15th, there was short interest totalling 4,257,941 shares, an increase of 32.0% from the July 31st total of 3,226,550 shares. Approximately 4.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,299,922 shares, the short-interest ratio is presently 3.3 days.
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. 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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