B/E Aerospace (BEAV) has risen sharply, recording gains of 3.5% in the past 4 weeks. However, the stock has corrected -1.44% 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 2.44% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.6% and the 50-Day Moving Average is 0.42%. B/E Aerospace (NASDAQ:BEAV): stock turned positive on Friday. Though the stock opened at $46.84, the bulls momentum made the stock top out at $47.205 level for the day. The stock recorded a low of $46.48 and closed the trading day at $47.07, in the green by 0.17%. The total traded volume for the day was 528,106. The stock had closed at $46.99 in the previous days trading.
The company Insiders own 0.54% of B/E Aerospace shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.8% . Institutional Investors own 97.91% of B/E Aerospace shares. During last six month period, the net percent change held by insiders has seen a change of -2.8%. Also, Equity Analysts at the JP Morgan downgrades the rating on B/E Aerospace (NASDAQ:BEAV). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Overweight. The Analysts at the ratings agency lowers the price target from $54 per share to $50 per share. The rating by the firm was issued on May 20, 2016.
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.