Goldman Sachs Group Inc. lowered shares of B/E Aerospace Inc. (NASDAQ:BEAV) from a buy rating to a neutral rating in a research report report published on Wednesday morning. The brokerage currently has $52.00 price objective on the stock, down from their previous price objective of $56.00.
Several other equities analysts have also recently weighed in on BEAV. Robert W. Baird assumed coverage on B/E Aerospace in a research report on Wednesday, October 5th. They issued an outperform rating and a $61.00 price target for the company. Citigroup Inc. lifted their price target on B/E Aerospace from $60.00 to $62.00 and gave the company a buy rating in a research report on Monday, October 10th. Deutsche Bank AG lifted their price target 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 reiterated a buy rating and issued a $56.00 price target on shares of B/E Aerospace in a research report on Wednesday, September 28th. Finally, Morgan Stanley assumed coverage on B/E Aerospace in a research report on Thursday, June 23rd. They issued an equal weight rating for the company. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $55.00.
B/E Aerospace (NASDAQ:BEAV) opened at 51.35 on Wednesday. The firm has a 50-day moving average price of $50.72 and a 200-day moving average price of $48.36. The firm has a market cap of $5.22 billion, a PE ratio of 17.75 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.
B/E Aerospace (NASDAQ:BEAV) last released its earnings results on Tuesday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping 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 business earned $753 million during the quarter, compared to the consensus estimate of $714.04 million. During the same period last year, the business posted $0.75 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities analysts expect that B/E Aerospace will post $3.26 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Thompson Siegel & Walmsley LLC raised its stake in shares of B/E Aerospace by 177.1% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,217 shares of the company’s stock valued at $102,000 after buying an additional 1,417 shares during the period. Advisor Group Inc. purchased a new stake in shares of B/E Aerospace during the second quarter valued at about $106,000. FineMark National Bank & Trust raised its stake in shares of B/E Aerospace by 10.4% in the second quarter. FineMark National Bank & Trust now owns 2,839 shares of the company’s stock valued at $131,000 after buying an additional 268 shares during the period. Bessemer Group Inc. purchased a new stake in shares of B/E Aerospace during the first quarter valued at about $171,000. Finally, CIBC Asset Management Inc raised its stake in shares of B/E Aerospace by 1.0% in the second quarter. CIBC Asset Management Inc now owns 5,299 shares of the company’s stock valued at $245,000 after buying an additional 52 shares during the period. 96.23% of the stock is owned by institutional investors.
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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