B/E Aerospace (BEAV) has risen sharply, recording gains of 4.69% in the past 4 weeks. However, the stock has corrected -0.16% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.15% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
B/E Aerospace (NASDAQ:BEAV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.37 and $47.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.76, notching a gain of 0.93% for the day. The total traded volume was 825,412 . The stock had closed at $47.32 on the previous day.
The stock has recorded a 20-day Moving Average of 2.48% and the 50-Day Moving Average is 1.38%. B/E Aerospace Inc. is up 0.8% in the last 3-month period. Year-to-Date the stock performance stands at 13.75%.
B/E Aerospace (BEAV) : The highest level B/E Aerospace (BEAV) is projected to reach is $64 for the short term and the lowest estimate is at $48. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $54.36 and the possibility the share price can swing is $4.61.
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.