Shares of B/E Aerospace Inc (NASDAQ:BEAV) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $59.57.
Separately, Jefferies Group LLC reiterated a “hold” rating and issued a $62.00 target price on shares of B/E Aerospace in a report on Tuesday, April 18th.
Several institutional investors have recently bought and sold shares of the company. Ursa Fund Management LLC acquired a new position in B/E Aerospace during the fourth quarter worth about $1,204,000. Paulson & CO. Inc. purchased a new position in shares of B/E Aerospace during the fourth quarter worth $79,240,000. Morgan Stanley raised its position in shares of B/E Aerospace by 26.0% in the third quarter. Morgan Stanley now owns 775,979 shares of the aerospace company’s stock worth $40,088,000 after buying an additional 160,161 shares during the last quarter. Alpine Associates Management Inc. purchased a new position in shares of B/E Aerospace during the fourth quarter worth $190,007,000. Finally, Janus Capital Management LLC raised its position in shares of B/E Aerospace by 30.6% in the fourth quarter. Janus Capital Management LLC now owns 16,849 shares of the aerospace company’s stock worth $1,014,000 after buying an additional 3,949 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.
Shares of B/E Aerospace (BEAV) remained flat at $64.47 during mid-day trading on Monday. The stock’s 50-day moving average price is $64.21 and its 200 day moving average price is $60.07. B/E Aerospace has a one year low of $42.57 and a one year high of $65.26.
About B/E Aerospace
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 airlines and aerospace manufacturer. It operates through two segments. The Company manufactures aircraft seats, offering a selection of first class, business class, tourist class and regional aircraft seats.
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