B/E Aerospace Inc. (NASDAQ:BEAV) had its price objective boosted by Citigroup Inc. from $60.00 to $62.00 in a research report released on Monday. Citigroup Inc. currently has a buy rating on the stock.
Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of B/E Aerospace from a buy rating to a hold rating in a report on Wednesday, July 13th. Jefferies Group reaffirmed a hold rating on shares of B/E Aerospace in a report on Monday, August 1st. Deutsche Bank AG lifted their target price on shares of B/E Aerospace from $55.00 to $66.00 and gave the company a buy rating in a report on Wednesday, October 5th. Morgan Stanley began coverage on shares of B/E Aerospace in a report on Thursday, June 23rd. They set an equal weight rating for the company. Finally, Robert W. Baird began coverage on shares of B/E Aerospace in a report on Wednesday, October 5th. They set an outperform rating and a $61.00 target price for the company. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $55.42.
B/E Aerospace (NASDAQ:BEAV) opened at 51.05 on Monday. The firm’s 50-day moving average is $50.64 and its 200 day moving average is $48.25. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 17.65 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 announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. B/E Aerospace had a net margin of 10.56% and a return on equity of 367.98%. The business earned $753 million during the quarter, compared to analysts’ expectations of $714.04 million. During the same period in the previous year, the business posted $0.75 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that B/E Aerospace will post $3.26 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thompson Siegel & Walmsley LLC boosted its position 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 last quarter. Advisor Group Inc. purchased a new position in shares of B/E Aerospace during the second quarter valued at $106,000. FineMark National Bank & Trust boosted its position 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 last quarter. Bessemer Group Inc. purchased a new position in shares of B/E Aerospace during the first quarter valued at $171,000. Finally, CIBC Asset Management Inc boosted its position 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 last quarter. 96.25% of the stock is currently owned by hedge funds and other 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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