The B/E Aerospace Inc. (BEAV) gets “Neutral” status at Goldman Sachs Group Inc.

The B/E Aerospace Inc. (BEAV) gets “Neutral” status at Goldman Sachs Group Inc.

Goldman Sachs Group Inc. cut shares of B/E Aerospace Inc. (NASDAQ:BEAV) from a buy rating to a neutral rating in a report published on Wednesday morning. The firm currently has $52.00 price target on the stock, down from their previous price target of $56.00.

A number of other equities research analysts also recently weighed in on BEAV. Morgan Stanley started coverage on shares of B/E Aerospace in a research note on Thursday, June 23rd. They issued an equal weight rating on the stock. Zacks Investment Research upgraded shares of B/E Aerospace from a hold rating to a buy rating and set a $49.00 price target on the stock in a research note on Wednesday, June 29th. Jefferies Group restated a hold rating on shares of B/E Aerospace in a research note on Monday, August 1st. KeyCorp restated a buy rating and issued a $56.00 price target on shares of B/E Aerospace in a research note on Wednesday, September 28th. Finally, Deutsche Bank AG raised their price target on shares of B/E Aerospace from $55.00 to $66.00 and gave the company a buy rating in a research note on Wednesday, October 5th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. B/E Aerospace has a consensus rating of Buy and an average target price of $55.00.

B/E Aerospace (NASDAQ:BEAV) traded down 2.10% on Wednesday, hitting $49.98. 209,168 shares of the stock traded hands. The stock has a 50-day moving average price of $50.64 and a 200 day moving average price of $48.25. B/E Aerospace has a 1-year low of $36.38 and a 1-year high of $53.25. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 17.28 and a beta of 1.03.

B/E Aerospace (NASDAQ:BEAV) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $753 million for the quarter, compared to the consensus estimate of $714.04 million. During the same period last year, the company posted $0.75 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts anticipate that B/E Aerospace will post $3.26 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BEAV. Aperio Group LLC raised its stake in B/E Aerospace by 24.4% in the first quarter. Aperio Group LLC now owns 35,771 shares of the company’s stock valued at $1,650,000 after buying an additional 7,017 shares in the last quarter. Ngam Advisors L.P. raised its stake in B/E Aerospace by 36.1% in the first quarter. Ngam Advisors L.P. now owns 28,891 shares of the company’s stock valued at $1,332,000 after buying an additional 7,663 shares in the last quarter. BlackRock Inc. raised its stake in B/E Aerospace by 82.2% in the first quarter. BlackRock Inc. now owns 249,159 shares of the company’s stock valued at $11,491,000 after buying an additional 112,429 shares in the last quarter. BlackRock Group LTD raised its stake in B/E Aerospace by 23.2% in the first quarter. BlackRock Group LTD now owns 800,296 shares of the company’s stock valued at $36,910,000 after buying an additional 150,735 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in B/E Aerospace by 10.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,754,677 shares of the company’s stock valued at $173,166,000 after buying an additional 360,682 shares in the last quarter. Hedge funds and other institutional investors own 96.25% of the company’s stock.

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