B/E Aerospace Inc. (BEAV) Price Target Raised to $62.00
B/E Aerospace Inc. (NASDAQ:BEAV) had its target price boosted by Citigroup Inc. from $60.00 to $62.00 in a report issued on Monday. The firm presently has a “buy” rating on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 18.57% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Deutsche Bank AG increased their target price on shares of B/E Aerospace from $55.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, October 5th. KeyCorp reiterated a “buy” rating and set a $56.00 target price on shares of B/E Aerospace in a report on Wednesday, September 28th. Zacks Investment Research upgraded shares of B/E Aerospace from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Wednesday, June 29th. Morgan Stanley initiated coverage on shares of B/E Aerospace in a report on Thursday, June 23rd. They set an “equal weight” rating on the stock. Finally, Jefferies Group reiterated a “hold” rating on shares of B/E Aerospace in a report on Monday, August 1st. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. B/E Aerospace currently has an average rating of “Buy” and an average target price of $55.42.
B/E Aerospace (NASDAQ:BEAV) traded up 0.57% on Monday, reaching $52.59. 353,433 shares of the company were exchanged. B/E Aerospace has a 52 week low of $36.38 and a 52 week high of $53.25. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 18.18 and a beta of 1.03. The stock has a 50-day moving average price of $50.48 and a 200 day moving average price of $48.15.
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B/E Aerospace (NASDAQ:BEAV) last released its earnings results on Tuesday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. The company had revenue of $753 million for the quarter, compared to analyst estimates of $714.04 million. B/E Aerospace had a net margin of 10.56% and a return on equity of 367.98%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. Analysts forecast that B/E Aerospace will post $3.26 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Thompson Siegel & Walmsley LLC increased its position in shares of B/E Aerospace by 177.1% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,217 shares of the company’s stock valued at $102,000 after buying an additional 1,417 shares during the last quarter. Advisor Group Inc. acquired a new position in shares of B/E Aerospace during the second quarter valued at about $106,000. FineMark National Bank & Trust increased its position in shares of B/E Aerospace by 10.4% in the second quarter. FineMark National Bank & Trust now owns 2,839 shares of the company’s stock valued at $131,000 after buying an additional 268 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of B/E Aerospace during the first quarter valued at about $171,000. Finally, CIBC Asset Management Inc increased its position in shares of B/E Aerospace by 1.0% in the second quarter. CIBC Asset Management Inc now owns 5,299 shares of the company’s stock valued at $245,000 after buying an additional 52 shares during the last quarter. 96.25% of the stock is currently owned by hedge funds and other institutional investors.
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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