B/E Aerospace (NASDAQ:BEAV) had its price target increased by Deutsche Bank from $77.00 to $94.00 in a research report sent to investors on Tuesday morning, AmericanBankingNews.com reports. The firm currently has a hold rating on the stock.
Deutsche Bank has also updated their ratings on a number of other industrials stocks in the last week. The firm raised its price target on shares of Rockwell Collins Inc. from $73.00 to $80.00. They have a hold rating on that stock. Also, Deutsche Bank raised its price target on shares of Boeing Co. from $156.00 to $160.00. They have a buy rating on that stock. Finally, Deutsche Bank upgraded shares of Huntington Ingalls Industries Inc. from a hold rating to a buy rating. Deutsche Bank now has a $100.00 price target on that stock.
B/E Aerospace (NASDAQ:BEAV) opened at 85.03 on Tuesday. B/E Aerospace has a 1-year low of $47.95 and a 1-year high of $88.43. The stock’s 50-day moving average is $84.61 and its 200-day moving average is $73.86. The company has a market cap of $8.908 billion and a price-to-earnings ratio of 25.16.
B/E Aerospace (NASDAQ:BEAV) last released its earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.01. The company had revenue of $881.10 million for the quarter, compared to the consensus estimate of $854.10 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Analysts expect that B/E Aerospace will post $3.55 EPS for the current fiscal year.
A number of other firms have also recently commented on BEAV. Analysts at Davidson raised their price target on shares of B/E Aerospace from $95.00 to $105.00 in a research note to investors on Tuesday, November 26th. Separately, analysts at Sterne Agee raised their price target on shares of B/E Aerospace from $88.00 to $111.00 in a research note to investors on Friday, November 22nd. Finally, analysts at Zacks downgraded shares of B/E Aerospace from an outperform rating to a neutral rating in a research note to investors on Wednesday, November 6th. They now have a $84.60 price target on the stock. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $86.03.
In other B/E Aerospace news, CFO Thomas P. Mccaffrey sold 28,934 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $85.70, for a total value of $2,479,643.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
B/E Aerospace, Inc is a manufacturer of cabin interior products for commercial aircraft and business jets and distributor of aerospace fasteners and consumables.
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