B/E Aerospace Inc. (NASDAQ:BEAV) had its price target increased by stock analysts at Deutsche Bank AG from $55.00 to $66.00 in a note issued to investors on Wednesday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 24.27% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. KeyCorp restated a “buy” rating and set a $56.00 price objective 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 price objective for the company in a report on Wednesday, June 29th. Morgan Stanley initiated coverage on shares of B/E Aerospace in a research note on Thursday, June 23rd. They issued an “equal weight” rating on the stock. Finally, Jefferies Group reaffirmed a “hold” rating on shares of B/E Aerospace in a research note on Monday, August 1st. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.82.
B/E Aerospace (NASDAQ:BEAV) opened at 53.11 on Wednesday. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 18.36 and a beta of 1.03. B/E Aerospace has a 1-year low of $36.38 and a 1-year high of $53.25. The company has a 50-day moving average of $50.39 and a 200-day moving average of $48.12.
B/E Aerospace (NASDAQ:BEAV) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. The firm earned $753 million during the quarter, compared to analysts’ expectations of $714.04 million. B/E Aerospace had a net margin of 10.56% and a return on equity of 367.98%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share. On average, equities analysts predict that B/E Aerospace will post $3.26 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 15th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.84 dividend on an annualized basis and a yield of 1.58%. B/E Aerospace’s payout ratio is 28.97%.
Institutional investors have recently modified their holdings of the company. BlackRock Fund Advisors increased its position in shares of B/E Aerospace by 5.4% in the second quarter. BlackRock Fund Advisors now owns 3,975,255 shares of the company’s stock worth $183,557,000 after buying an additional 205,354 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of B/E Aerospace by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,764,580 shares of the company’s stock worth $173,829,000 after buying an additional 9,903 shares during the last quarter. State Street Corp increased its position in shares of B/E Aerospace by 0.4% in the first quarter. State Street Corp now owns 3,652,826 shares of the company’s stock worth $168,466,000 after buying an additional 15,604 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of B/E Aerospace by 4,152.8% in the second quarter. Alliancebernstein L.P. now owns 3,344,796 shares of the company’s stock worth $154,446,000 after buying an additional 3,266,146 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its position in shares of B/E Aerospace by 20.2% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,150,084 shares of the company’s stock worth $145,455,000 after buying an additional 528,873 shares during the last quarter. Institutional investors and hedge funds own 96.25% of the company’s stock.
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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