BE Aerospace (NASDAQ:BEAV) has been downgraded from Buy to Neutral in a statement by Goldman Sachs earlier today.
- Updated: October 13, 2016
Boasting a price of $51.05, BE Aerospace (NASDAQ:BEAV) traded -0.04% lower on the day. With the last stock price close up 5.85% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. BEAV has recorded a 50-day moving average of $50.61 and a 200-day moving average of $48.23. 454,332 shares of BEAV traded hands, down from an average trading volume of 890,163
Goldman Sachs has downgraded BE Aerospace (NASDAQ:BEAV) from Buy to Neutral in a statement released on 10/13/2016.
Recent Performance Chart
BE Aerospace has 52 week low of $36.38 and a 52 week high of $53.25 with a PE ratio of 17.65 and has a market capitalization of $0.
In addition to Goldman Sachs reporting its stock price target, a total of 16 brokerages have issued a ratings update on the company. The average stock price target is $54.88 with 4 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On BE Aerospace (NASDAQ:BEAV)
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 to various airlines and aerospace manufacturers across the world. It operates through two segments: commercial aircraft (CAS) and business jet (BJS). Its CAS segment includes seating products; food and beverage and preparation and storage equipment; oxygen delivery systems; engineering, design, integration, installation and certification services, and interior structures. Its BJS segment offers a range of furnishings for business jets. The Company's products coffee and espresso makers, water boilers, beverage containers, refrigerators, freezers, chillers, lighting products, executive aircraft and helicopter seats, direct and indirect overhead lighting systems, air valve systems and high-end furniture and cabinetry. It also provides aircraft cabin interior reconfiguration, program management and certification services.
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