B/E Aerospace Inc. (NASDAQ:BEAV) had its price objective increased by Citigroup Inc. from $60.00 to $62.00 in a research report sent to investors on Monday. Citigroup Inc. currently has a buy rating on the stock.
Other research analysts also recently issued reports about the company. Deutsche Bank AG upped their price target on B/E Aerospace from $55.00 to $66.00 and gave the company a buy rating in a report on Wednesday, October 5th. KeyCorp reaffirmed a buy rating and set a $56.00 price target on shares of B/E Aerospace in a report on Wednesday, September 28th. Zacks Investment Research raised B/E Aerospace from a hold rating to a buy rating and set a $49.00 price target on the stock in a report on Wednesday, June 29th. Morgan Stanley started coverage on B/E Aerospace in a report on Thursday, June 23rd. They set an equal weight rating on the stock. Finally, Jefferies Group reaffirmed 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. The stock currently has an average rating of Buy and a consensus price target of $55.42.
B/E Aerospace (NASDAQ:BEAV) opened at 51.325 on Monday. The company has a market cap of $5.22 billion, a P/E ratio of 17.741 and a beta of 1.03. The firm has a 50-day moving average price of $50.56 and a 200 day moving average price of $48.21. 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 announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The firm had revenue of $753 million for the quarter, compared to the consensus estimate of $714.04 million. B/E Aerospace had a return on equity of 367.98% and a net margin of 10.56%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. Analysts expect that B/E Aerospace will post $3.26 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in 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 period. Advisor Group Inc. acquired a new position in B/E Aerospace during the second quarter worth $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 period. Bessemer Group Inc. acquired a new position in B/E Aerospace during the first quarter worth $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 period. 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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