NEW YORK (TheStreet) -- B\/E Aerospace (BEAV) shares are falling, down 27.2% to $54.12 in early market trading on Wednesday, after the airplane cabin interior product manufacturer completed the spin off KLX (KLXI) from the company. <\/p>\n
The company's stock will see a decrease in value as the shares will no longer also reflect the value of KLX whichprovides distribution and logistics services for the aerospace and energy services sectors, the company said. <\/p>\n
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\"Separating these highly successful businesses into two industry-leading companies will allow each to benefit from increased management focus and operational flexibility,\" said B\/E founder Amin Khoury of the move. <\/p>\n
B\/E Aerospace's price target was lowered to $55 from $80 by analysts at Jefferies today to reflect its new value. <\/p>\n
TheStreet Ratings team rates B\/E AEROSPACE INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation: <\/p>\n
\"We rate B\/E AEROSPACE INC (BEAV) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, good cash flow from operations, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.\" <\/p>\n
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B\/E Aerospace (BEAV) Stock Falls Following Completion of Spinoff<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" NEW YORK (TheStreet) -- B\/E Aerospace (BEAV) shares are falling, down 27.2% to $54.12 in early market trading on Wednesday, after the airplane cabin interior product manufacturer completed the spin off KLX (KLXI) from the company. The company's stock will see a decrease in value as the shares will no longer also reflect the value of KLX whichprovides distribution and logistics services for the aerospace and energy services sectors, the company said. Continue reading