B/E Aerospace Inc. (BEAV) Price Target Raised to $66.00
B/E Aerospace Inc. (NASDAQ:BEAV) had its price objective lifted by analysts at Deutsche Bank AG from $55.00 to $66.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Deutsche Bank AG’s target price would suggest a potential upside of 26.22% from the stock’s previous close.
A number of other research analysts have also commented on BEAV. Zacks Investment Research lowered shares of B/E Aerospace from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. KeyCorp reiterated a “buy” rating and issued a $56.00 price target on shares of B/E Aerospace in a research note on Wednesday, September 28th. Jefferies Group reiterated a “hold” rating on shares of B/E Aerospace in a research note on Monday, August 1st. Finally, Morgan Stanley assumed coverage on shares of B/E Aerospace in a research note on Thursday, June 23rd. They issued an “equal weight” rating on the stock. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $54.82.
B/E Aerospace (NASDAQ:BEAV) traded down 1.54% during mid-day trading on Wednesday, hitting $52.29. 904,551 shares of the stock traded hands. The firm’s 50-day moving average price is $50.48 and its 200-day moving average price is $48.15. The firm has a market cap of $5.31 billion, a P/E ratio of 18.07 and a beta of 1.03. B/E Aerospace has a 52 week low of $36.38 and a 52 week high of $53.25.
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B/E Aerospace (NASDAQ:BEAV) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. B/E Aerospace had a net margin of 10.56% and a return on equity of 367.98%. The business had revenue of $753 million for the quarter, compared to analyst estimates of $714.04 million. During the same quarter in the prior year, the business earned $0.75 EPS. B/E Aerospace’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts forecast that B/E Aerospace will post $3.26 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 15th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Thursday, August 11th. B/E Aerospace’s dividend payout ratio (DPR) is presently 28.97%.
Institutional investors have recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC boosted its position in B/E Aerospace by 177.1% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,217 shares of the company’s stock worth $102,000 after buying an additional 1,417 shares in the last quarter. Advisor Group Inc. bought a new position in B/E Aerospace during the second quarter worth about $106,000. FineMark National Bank & Trust boosted its position in B/E Aerospace by 10.4% in the second quarter. FineMark National Bank & Trust now owns 2,839 shares of the company’s stock worth $131,000 after buying an additional 268 shares in the last quarter. Bessemer Group Inc. bought a new position in B/E Aerospace during the first quarter worth about $171,000. Finally, CIBC Asset Management Inc boosted its position in B/E Aerospace by 1.0% in the second quarter. CIBC Asset Management Inc now owns 5,299 shares of the company’s stock worth $245,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 96.25% of the company’s stock.
B/E Aerospace Company Profile
B/E Aerospace, Inc is a manufacturer of cabin interior products for commercial aircraft and business jets. The Company sells its products and provides services to various airlines and aerospace manufacturers across the world. It operates through two segments: commercial aircraft (CAS) and business jet (BJS).
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