Boeing Co. (NYSE:BA)‘s stock had its “positive” rating reaffirmed by investment analysts at Jefferies Group in a research note issued to investors on Friday. They currently have a $165.00 target price on the aircraft producer’s stock. Jefferies Group’s target price suggests a potential upside of 24.64% from the company’s previous close.
A number of other equities analysts have also weighed in on the stock. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research report on Wednesday, September 28th. Credit Suisse Group AG reaffirmed a “neutral” rating and set a $148.00 price target on shares of Boeing in a research report on Friday, September 23rd. Citigroup Inc. dropped their price target on shares of Boeing from $168.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, September 19th. Vetr raised shares of Boeing from a “sell” rating to a “hold” rating and set a $126.07 price target for the company in a research report on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. set a $107.00 price target on shares of Boeing and gave the stock a “sell” rating in a research report on Tuesday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $147.18.
Boeing (NYSE:BA) traded up 0.48% during midday trading on Friday, hitting $133.02. 292,962 shares of the stock traded hands. The company’s 50-day moving average is $131.50 and its 200-day moving average is $131.12. The company has a market cap of $82.98 billion, a PE ratio of 23.95 and a beta of 1.03. Boeing has a one year low of $102.10 and a one year high of $150.59.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.48. The business earned $24.80 million during the quarter, compared to analyst estimates of $23.22 million. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.62 earnings per share. Equities research analysts expect that Boeing will post $6.29 EPS for the current fiscal year.
In related news, SVP Diana L. Sands sold 14,151 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $133.06, for a total value of $1,882,932.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Randall L. Stephenson acquired 1,871 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average cost of $133.89 per share, for a total transaction of $250,508.19. Following the acquisition, the director now owns 3,721 shares in the company, valued at $498,204.69. The disclosure for this purchase can be found here. 0.58% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in BA. QUANTRES ASSET MANAGEMENT Ltd bought a new position in Boeing during the first quarter valued at approximately $6,385,000. Oliver Luxxe Assets LLC boosted its position in Boeing by 0.8% in the first quarter. Oliver Luxxe Assets LLC now owns 14,792 shares of the aircraft producer’s stock valued at $1,878,000 after buying an additional 121 shares during the last quarter. FirstMerit Bank N A Trustee boosted its position in Boeing by 8.0% in the first quarter. FirstMerit Bank N A Trustee now owns 16,522 shares of the aircraft producer’s stock valued at $2,097,000 after buying an additional 1,226 shares during the last quarter. HHG & Company LLC bought a new position in Boeing during the first quarter valued at approximately $1,347,000. Finally, Carroll Financial Associates Inc. boosted its position in Boeing by 33.6% in the first quarter. Carroll Financial Associates Inc. now owns 3,183 shares of the aircraft producer’s stock valued at $404,000 after buying an additional 800 shares during the last quarter. 75.46% of the stock is currently owned by hedge funds and other institutional investors.
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
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