B/E Aerospace Inc (BEAV) was Downgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. JP Morgan advised their investors in a research report released on May 20, 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 .Company shares were Reiterated by Canaccord Genuity on Apr 27, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $55 .
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 closed down -0.71 points or -1.49% at $46.8 with 8,38,693 shares getting traded on Thursday. Post opening the session at $47.39, the shares hit an intraday low of $46.36 and an intraday high of $47.45 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 12, 2016, Sean Cromie (Vice President & GM) sold 1,988 shares at $54.69 per share price. According to the SEC, on Feb 23, 2016, Werner Lieberherr (President & CEO) sold 9,471 shares at $42.46 per share price. On Feb 23, 2016, Ryan M Patch (VP,General Counsel & Secretary) sold 2,256 shares at $42.11 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.