B/E Aerospace (NASDAQ:BEAV) : Zacks Investment Research ranks B/E Aerospace (NASDAQ:BEAV) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.73, which indicates as a Buy.
B/E Aerospace (NASDAQ:BEAV) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $64 and the lowest price target forecast is $49. The average forecast of all the analysts is $54.7 and the expected standard deviation is $4.64.
For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm JP Morgan downgrades its rating on B/E Aerospace (NASDAQ:BEAV). As per the latest information, the brokerage house lowers the price target to $50 per share from a prior target of $54. The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on May 20, 2016.
B/E Aerospace (NASDAQ:BEAV): stock turned positive on Tuesday. Though the stock opened at $42.91, the bulls momentum made the stock top out at $43.85 level for the day. The stock recorded a low of $42.57 and closed the trading day at $43.53, in the green by 1.87%. The total traded volume for the day was 1,967,175. The stock had closed at $42.73 in the previous days trading.
In an insider trading activity, Patch Ryan M, officer (VP,General Counsel & Secretary) of B/E Aerospace Inc, unloaded 950 shares at an average price of $47.58 on May 27, 2016. The total amount of the transaction was worth $45,201, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.