B/E Aerospace Inc (BEAV) was Reiterated by Canaccord Genuity to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 60 from a previous price target of $55 . Canaccord Genuity advised their investors in a research report released on Apr 27, 2016.
Many Wall Street Analysts have commented on B/E Aerospace Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 51 from a previous price target of $48 .
On the company’s financial health, B/E Aerospace Inc reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.79. The company had revenue of $716.70 million for the quarter, compared to analysts expectations of $697.63 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.
B/E Aerospace Inc opened for trading at $49.13 and hit $49.87 on the upside on Friday, eventually ending the session at $49.52, with a gain of 0.32% or 0.16 points. The heightened volatility saw the trading volume jump to 11,42,620 shares. Company has a market cap of $5,057 M.
In a different news, on Feb 23, 2016, Werner Lieberherr (President & CEO) sold 9,471 shares at $42.46 per share price. According to the SEC, on Feb 23, 2016, Ryan M Patch (VP,General Counsel & Secretary) sold 2,256 shares at $42.11 per share price. On Feb 23, 2016, Sean Cromie (Vice President & GM) sold 1,808 shares at $42.15 per share price, according to the Form-4 filing with the securities and exchange commission.
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 various airlines and aerospace manufacturers across the world. The Company operates through two segments: commercial aircraft (CAS) and business jet (BJS). The Companys commercial aircraft (CAS) segment offers a range of seating products oxygen delivery systems coffee makers and water boilers ovens and refrigeration equipment modular lavatory wastewater and galley systems and also provides engineering design integration installation and certification services. The Companys business jet segment offers a range of furnishings and interior packages for business jets.