Other equities research analysts also recently issued research reports about the company. Deutsche Bank AG lifted their target price on B/E Aerospace from $55.00 to $66.00 and gave the company a buy rating in a research report on Wednesday, October 5th. KeyCorp restated a buy rating and issued a $56.00 target price on shares of B/E Aerospace in a research report on Wednesday, September 28th. Zacks Investment Research upgraded B/E Aerospace from a hold rating to a buy rating and set a $49.00 target price on the stock in a research report on Wednesday, June 29th. Morgan Stanley initiated coverage on B/E Aerospace in a research report on Thursday, June 23rd. They issued an equal weight rating on the stock. Finally, Jefferies Group restated a hold rating on shares of B/E Aerospace in a research report on Monday, August 1st. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $55.42.
Shares of B/E Aerospace (NASDAQ:BEAV) opened at 52.22 on Wednesday. The company’s 50 day moving average price is $50.56 and its 200-day moving average price is $48.21. The stock has a market capitalization of $5.31 billion, a PE ratio of 18.05 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.
B/E Aerospace (NASDAQ:BEAV) last posted its 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 return on equity of 367.98% and a net margin of 10.56%. The company had revenue of $753 million for the quarter, compared to the consensus estimate of $714.04 million. During the same quarter in the previous year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts predict that B/E Aerospace will post $3.26 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BEAV. Aperio Group LLC boosted its position in B/E Aerospace by 24.4% in the first quarter. Aperio Group LLC now owns 35,771 shares of the company’s stock valued at $1,650,000 after buying an additional 7,017 shares in the last quarter. Nisa Investment Advisors L.L.C. boosted its position in B/E Aerospace by 15.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 44,720 shares of the company’s stock valued at $2,062,000 after buying an additional 6,100 shares in the last quarter. Ngam Advisors L.P. boosted its position in B/E Aerospace by 36.1% in the first quarter. Ngam Advisors L.P. now owns 28,891 shares of the company’s stock valued at $1,332,000 after buying an additional 7,663 shares in the last quarter. Algert Global LLC acquired a new position in B/E Aerospace during the first quarter valued at about $376,000. Finally, BlackRock Inc. boosted its position in B/E Aerospace by 82.2% in the first quarter. BlackRock Inc. now owns 249,159 shares of the company’s stock valued at $11,491,000 after buying an additional 112,429 shares in the last quarter. 96.25% of the stock is owned by institutional investors and hedge funds.
About B/E Aerospace
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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