B/E Aerospace Inc. (BEAV) Stock Rating Lowered by Goldman Sachs Group Inc.
B/E Aerospace Inc. (NASDAQ:BEAV) was downgraded by stock analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, The Fly reports.
A number of other research analysts also recently weighed in on BEAV. Morgan Stanley initiated coverage on B/E Aerospace in a research note on Thursday, June 23rd. They set an “equal weight” rating on the stock. Zacks Investment Research raised B/E Aerospace from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Wednesday, June 29th. Jefferies Group reissued a “hold” rating on shares of B/E Aerospace in a research note on Monday, August 1st. KeyCorp reissued a “buy” rating and issued a $56.00 price objective on shares of B/E Aerospace in a research note on Wednesday, September 28th. Finally, Deutsche Bank AG increased their price objective on B/E Aerospace from $55.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, October 5th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. B/E Aerospace presently has an average rating of “Buy” and an average target price of $55.42.
B/E Aerospace (NASDAQ:BEAV) traded down 0.04% during mid-day trading on Wednesday, reaching $51.05. The company had a trading volume of 454,332 shares. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 17.65 and a beta of 1.03. B/E Aerospace has a 12-month low of $36.38 and a 12-month high of $53.25. The stock has a 50-day moving average of $50.61 and a 200 day moving average of $48.23.
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B/E Aerospace (NASDAQ:BEAV) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. B/E Aerospace had a return on equity of 367.98% and a net margin of 10.56%. The business had revenue of $753 million for the quarter, compared to the consensus estimate of $714.04 million. During the same period in the prior year, the business earned $0.75 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts expect that B/E Aerospace will post $3.26 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC raised 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 during the last quarter. Advisor Group Inc. bought a new position in B/E Aerospace during the second quarter worth approximately $106,000. FineMark National Bank & Trust raised 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 during the last quarter. Bessemer Group Inc. bought a new position in B/E Aerospace during the first quarter worth approximately $171,000. Finally, CIBC Asset Management Inc raised 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 during the last quarter. 96.25% of the stock is 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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