Boeing Co. (NYSE:BA) has been given a consensus recommendation of “Hold” by the twenty-five research firms that are currently covering the firm. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $144.42.
A number of equities analysts recently commented on BA shares. Citigroup Inc. decreased their target price on Boeing from $168.00 to $160.00 and set a “buy” rating for the company in a report on Monday, September 19th. Goldman Sachs Group Inc. set a $107.00 target price on Boeing and gave the company a “sell” rating in a report on Tuesday, August 30th. Jefferies Group restated a “positive” rating and set a $165.00 target price on shares of Boeing in a report on Friday, September 30th. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a report on Wednesday, September 28th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $145.00 target price on shares of Boeing in a report on Sunday, July 31st.
In other Boeing news, Director Randall L. Stephenson purchased 1,871 shares of the company’s stock in a transaction on Monday, August 1st. The stock was acquired at an average cost of $133.89 per share, for a total transaction of $250,508.19. Following the purchase, the director now directly owns 3,721 shares of the company’s stock, valued at approximately $498,204.69. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Diana L. Sands sold 14,151 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $133.06, for a total value of $1,882,932.06. The disclosure for this sale can be found here. 0.58% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arcus Capital Partners LLC increased its position in Boeing by 0.8% in the second quarter. Arcus Capital Partners LLC now owns 1,590 shares of the aircraft producer’s stock valued at $207,000 after buying an additional 13 shares during the last quarter. Mycio Wealth Partners LLC increased its position in Boeing by 0.3% in the second quarter. Mycio Wealth Partners LLC now owns 3,813 shares of the aircraft producer’s stock valued at $495,000 after buying an additional 13 shares during the last quarter. Everett Harris & Co. CA increased its position in Boeing by 0.4% in the second quarter. Everett Harris & Co. CA now owns 3,902 shares of the aircraft producer’s stock valued at $507,000 after buying an additional 15 shares during the last quarter. Stillwater Investment Management LLC increased its position in Boeing by 0.8% in the second quarter. Stillwater Investment Management LLC now owns 1,949 shares of the aircraft producer’s stock valued at $253,000 after buying an additional 16 shares during the last quarter. Finally, McNamara Financial Services Inc. increased its position in Boeing by 0.8% in the second quarter. McNamara Financial Services Inc. now owns 2,162 shares of the aircraft producer’s stock valued at $281,000 after buying an additional 18 shares during the last quarter. Institutional investors and hedge funds own 75.46% of the company’s stock.
Boeing (NYSE:BA) opened at 132.25 on Friday. The firm’s 50-day moving average is $131.43 and its 200-day moving average is $131.10. The stock has a market capitalization of $82.50 billion, a P/E ratio of 23.81 and a beta of 1.03. Boeing has a 12-month low of $102.10 and a 12-month high of $150.59.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.92) by $0.48. Boeing had a return on equity of 82.66% and a net margin of 3.84%. The firm earned $24.80 million during the quarter, compared to the consensus estimate of $23.22 million. During the same quarter in the previous year, the company posted $1.62 earnings per share. The business’s revenue was up .9% on a year-over-year basis. Analysts predict that Boeing will post $6.29 EPS for the current fiscal year.
Boeing Company Profile
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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