B/E Aerospace Inc. (NASDAQ:BEAV) has earned a consensus recommendation of “Buy” from the fourteen analysts that are covering the company. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $57.00.
Several equities research analysts have recently commented on BEAV shares. Deutsche Bank AG upped 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. KeyCorp restated a “buy” rating and issued a $56.00 price objective on shares of B/E Aerospace in a research note on Wednesday, September 28th. Citigroup Inc. upped their price objective on B/E Aerospace from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research raised shares of B/E Aerospace from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Wednesday, June 29th. Finally, Morgan Stanley began coverage on shares of B/E Aerospace in a report on Thursday, June 23rd. They issued an “equal weight” rating for the company.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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. 96.25% of the stock is owned by hedge funds and other institutional investors.
B/E Aerospace (NASDAQ:BEAV) traded up 0.29% during midday trading on Wednesday, reaching $51.22. The company’s stock had a trading volume of 191,942 shares. The firm has a market cap of $5.21 billion, a P/E ratio of 17.70 and a beta of 1.03. B/E Aerospace has a one year low of $36.38 and a one year high of $53.25. The firm has a 50 day moving average price of $50.61 and a 200 day moving average price of $48.23.
B/E Aerospace (NASDAQ:BEAV) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.82 by $0.02. The firm earned $753 million during the quarter, compared to analyst estimates of $714.04 million. B/E Aerospace had a return on equity of 367.98% and a net margin of 10.56%. B/E Aerospace’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. Equities research analysts forecast that B/E Aerospace will post $3.26 EPS for the current fiscal year.
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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