Analyst Price Target Update on B/E Aerospace (NASDAQ:BEAV)

B/E Aerospace (NASDAQ:BEAV): 10 Analyst have given the stock of B/E Aerospace (NASDAQ:BEAV) a near short term price target of $54.7. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $4.64. The higher price target estimate is at $64 while the lower price estimates are fixed at $49.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, JP Morgan downgrades its rating on B/E Aerospace (NASDAQ:BEAV).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. In a recent information released to the investors, JP Morgan lowers the new price target from $54 per share to $50 per share. The rating by the firm was issued on May 20, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The officer (VP,General Counsel & Secretary) of B/E Aerospace Inc, Patch Ryan M sold 950 shares at $47.58 on May 27, 2016. The Insider selling transaction had a total value worth of $45,201. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

B/E Aerospace (NASDAQ:BEAV) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.21 points or 2.45% at $48.2 with 881,379 shares getting traded. Post opening the session at $49.16, the shares hit an intraday low of $48.2 and an intraday high of $49.16 and the price was in this range throughout the day. The company has a market cap of $4,926 million and the number of outstanding shares have been calculated to be 102,202,707 shares. The 52-week high of B/E Aerospace (NASDAQ:BEAV) is $57.96 and the 52-week low is $36.38.

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.

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