What Will The Effects of a JP Morgan Upgrade Be For BE Aerospace (NASDAQ:BEAV) Shares?


BE Aerospace (NASDAQ:BEAV) Stock Upgrade

Investment analysts at the JP Morgan equities research division hiked shares of BE Aerospace (NASDAQ:BEAV) from a Neutral to a Overweight on 16 December.

From a total of 16 analysts covering B/E Aerospace (NASDAQ:BEAV) stock, 11 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 69% of the ratings are positive. The highest target price is $65 while the lowest target price is $48. The mean of all analyst targets is $56.25 with a 30.39% above today’s ($42.64) stock price. B/E Aerospace was the topic of 11 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Wolfe Research initiated shares on November 20 with “Outperform” rating. RBC Capital Markets downgraded BEAV stock in a recent report from October 23 to “Sector Perform” rating.

Approximately 487,202 shares of stock traded hands. B E Aerospace Inc (NASDAQ:BEAV) has declined 30.04% since May 13, 2015 and is downtrending. It has underperformed by 27.41% the S&P500.

The overall sentiment of institutions has decreased to 0.95 in Q2 2015. Its down 0.27, from 1.22 in 2015Q2. The ratio dived, as 73 institutions have sold all the shares of B E Aerospace Inc that they owned while 114 funds have taken shares off the table. 48 funds have purchased shares for the first time while 130 added to their positions. These institutions now hold 109.18 million shares or 11.25% more than the 98.14 million shares they owned in 2015Q2.

The Fund Roystone Capital Management Lp currently is holding shares equating to 4.29% of its total portfolio in B E Aerospace Inc representing a total of 2.05 million shares. Another fund,Corvex Management Lp, is holding a total of 8.27 million shares equating to 4.27% of their holdings. Additionally, Villere St Denis J & Co Llc has a 1.80 million share stake in B E Aerospace Inc which represents 4.18% of their total portfolio. The Fund, Farallon Capital Management Llc, based out of California, has also built up a stake in the stock, which represents a total of 2.74% of their total portfolio. Finally Segantii Capital Management Ltd, a fund which is based in the state of Hong Kong reported a total holdings of 263,093 shares.

B/E Aerospace, Inc. is a manufacturer of cabin interior products for commercial aircraft and business jets. The company has a market cap of $4.32 billion. The Firm sells its products and provides services directly to various airlines and aerospace manufacturers across the world. It has 26.95 P/E ratio. The Firm operates through two divisions: commercial aircraft and business jet (BJS).

According to Zacks Investment Research, “B/E Aerospace, Inc. operates as a manufacturer of aircraft passenger cabin interior products for the commercial and business jet aircraft markets and distributor of aerospace fasteners and consumables. It operates in three segments: commercial aircraft, consumables management and business jet. B/E Aerospace’s commercial aircraft segment includes seating products, interior systems and engineering services for commercial aircraft, and thermal and power management for the commercial and military aerospace markets. Its Consumables Management segment provides inventory management and replenishment, electronic data interchange, special packaging and bar-coding, parts kitting, quality assurance testing, and purchasing assistance services; and creative and differential supply chain solutions. The company’s Business Jet segment offers a complete line of business jet seating and divan products from traditional designs to unique lie-flat offerings. B/E Aerospace, Inc. is headquartered in Wellington, Florida.”