Jefferies Group LLC Analysts Give B/E Aerospace Inc (BEAV) a $62.00 Price Target
Several other analysts also recently weighed in on BEAV. Zacks Investment Research upgraded B/E Aerospace from a hold rating to a buy rating and set a $66.00 price target on the stock in a research note on Friday, November 18th. Canaccord Genuity reiterated a hold rating and set a $62.00 price target on shares of B/E Aerospace in a research note on Thursday, January 5th. Finally, Robert W. Baird reiterated a neutral rating and set a $61.00 price target on shares of B/E Aerospace in a research note on Friday, January 20th. Thirteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. B/E Aerospace presently has an average rating of Hold and an average price target of $57.91.
B/E Aerospace (NASDAQ:BEAV) opened at 64.62 on Thursday. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 20.98 and a beta of 0.86. B/E Aerospace has a 1-year low of $42.57 and a 1-year high of $64.91. The company has a 50-day moving average of $62.94 and a 200-day moving average of $58.17.
B/E Aerospace (NASDAQ:BEAV) last posted its quarterly earnings results on Friday, February 10th. The company reported $0.80 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.80. The business had revenue of $730.40 million for the quarter, compared to the consensus estimate of $696.28 million. B/E Aerospace had a return on equity of 246.23% and a net margin of 10.61%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. On average, equities analysts predict that B/E Aerospace will post $3.65 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Monday, March 6th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.30%. B/E Aerospace’s payout ratio is 27.27%.
In other news, VP Ryan M. Patch sold 8,975 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $64.39, for a total value of $577,900.25. Following the sale, the vice president now owns 32,607 shares in the company, valued at $2,099,564.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Advisor Group Inc. boosted its position in B/E Aerospace by 3.4% in the third quarter. Advisor Group Inc. now owns 2,427 shares of the company’s stock worth $125,000 after buying an additional 80 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in B/E Aerospace by 10.9% in the third quarter. Daiwa Securities Group Inc. now owns 2,550 shares of the company’s stock worth $132,000 after buying an additional 250 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in B/E Aerospace by 16.6% in the third quarter. Tower Research Capital LLC TRC now owns 3,847 shares of the company’s stock worth $198,000 after buying an additional 549 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in B/E Aerospace during the fourth quarter worth $210,000. Finally, Cigna Investments Inc. New acquired a new position in B/E Aerospace during the fourth quarter worth $221,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.
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 directly to airlines and aerospace manufacturer. It operates through two segments. The Company manufactures aircraft seats, offering a selection of first class, business class, tourist class and regional aircraft seats.
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