Trade Report: The B/E Aerospace Inc. (BEAV) Receives $57.00 Consensus Target Price from Brokerages

The B/E Aerospace Inc. (BEAV) Receives $57.00 Consensus Target Price from Brokerages

Shares of B/E Aerospace Inc. (NASDAQ:BEAV) have been assigned an average rating of “Buy” from the fourteen analysts that are currently covering the stock. Six analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $56.50.

A number of research analysts recently commented on the stock. KeyCorp reaffirmed a “buy” rating and set a $56.00 price objective on shares of B/E Aerospace in a research report on Wednesday, September 28th. Citigroup Inc. boosted their price objective on shares of B/E Aerospace from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, October 10th. Robert W. Baird assumed coverage on shares of B/E Aerospace in a research report on Wednesday, October 5th. They set an “outperform” rating and a $61.00 price objective on the stock. Morgan Stanley assumed coverage on shares of B/E Aerospace in a research report on Thursday, June 23rd. They set an “equal weight” rating on the stock. Finally, Deutsche Bank AG boosted their price objective on shares of B/E Aerospace from $55.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, October 5th.

Hedge funds have recently modified their holdings of the company. Canada Pension Plan Investment Board boosted its stake in shares of B/E Aerospace by 33.3% in the first quarter. Canada Pension Plan Investment Board now owns 27,620 shares of the company’s stock worth $1,274,000 after buying an additional 6,900 shares during the last quarter. Credit Agricole S A boosted its stake in shares of B/E Aerospace by 116.5% in the first quarter. Credit Agricole S A now owns 163,454 shares of the company’s stock worth $7,539,000 after buying an additional 87,972 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of B/E Aerospace by 363.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,776 shares of the company’s stock worth $1,143,000 after buying an additional 19,435 shares during the last quarter. Aviva PLC boosted its stake in shares of B/E Aerospace by 2.5% in the first quarter. Aviva PLC now owns 78,542 shares of the company’s stock worth $3,622,000 after buying an additional 1,892 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of B/E Aerospace by 3.7% in the first quarter. M&T Bank Corp now owns 25,332 shares of the company’s stock worth $1,167,000 after buying an additional 897 shares during the last quarter. Institutional investors and hedge funds own 96.25% of the company’s stock.

Shares of B/E Aerospace (NASDAQ:BEAV) opened at 50.83 on Wednesday. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 17.57 and a beta of 1.03. B/E Aerospace has a 12-month low of $36.38 and a 12-month high of $53.25. The company’s 50-day moving average is $50.68 and its 200-day moving average is $48.30.

B/E Aerospace (NASDAQ:BEAV) last released its earnings results on Tuesday, July 26th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.02. The business had revenue of $753 million for the quarter, compared to the consensus estimate of $714.04 million. B/E Aerospace had a net margin of 10.56% and a return on equity of 367.98%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. On average, equities analysts forecast that B/E Aerospace will post $3.26 earnings per share for the current fiscal year.

Related posts

Leave a Comment