A number of other equities research analysts have also recently commented on the stock. Barclays PLC cut their price target on shares of Boeing from $155.00 to $150.00 and set an overweight rating on the stock in a report on Thursday. Robert W. Baird began coverage on shares of Boeing in a report on Wednesday. They set an outperform rating and a $161.00 price target on the stock. Zacks Investment Research cut shares of Boeing from a buy rating to a hold rating in a report on Monday, October 3rd. Credit Suisse Group AG reiterated a neutral rating and set a $148.00 price target on shares of Boeing in a report on Friday, September 23rd. Finally, Citigroup Inc. cut their price target on shares of Boeing from $168.00 to $160.00 and set a buy rating on the stock in a report on Monday, September 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $147.94.
Boeing (NYSE:BA) opened at 133.85 on Friday. The company has a 50-day moving average of $131.38 and a 200-day moving average of $131.14. The stock has a market capitalization of $83.50 billion, a price-to-earnings ratio of 24.10 and a beta of 1.03. Boeing has a 1-year low of $102.10 and a 1-year high of $150.59.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.92) by $0.48. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The firm had revenue of $24.80 million for the quarter, compared to analysts’ expectations of $23.22 million. During the same quarter in the prior year, the company posted $1.62 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Analysts anticipate that Boeing will post $6.29 earnings per share for the current fiscal year.
In other news, Director Randall L. Stephenson purchased 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, with a total value of $250,508.19. Following the purchase, the director now owns 3,721 shares in the company, valued at $498,204.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Diana L. Sands sold 14,151 shares of Boeing stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $133.06, for a total transaction of $1,882,932.06. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. boosted its position in Boeing by 23.3% in the first quarter. Panagora Asset Management Inc. now owns 1,139,382 shares of the aircraft producer’s stock worth $144,633,000 after buying an additional 215,276 shares in the last quarter. Rothschild Investment Corp IL boosted its position in Boeing by 2.6% in the second quarter. Rothschild Investment Corp IL now owns 90,321 shares of the aircraft producer’s stock worth $11,730,000 after buying an additional 2,250 shares in the last quarter. First Quadrant L P CA boosted its position in Boeing by 991.8% in the second quarter. First Quadrant L P CA now owns 133,200 shares of the aircraft producer’s stock worth $17,299,000 after buying an additional 121,000 shares in the last quarter. Heritage Investors Management Corp boosted its position in Boeing by 5.2% in the second quarter. Heritage Investors Management Corp now owns 115,504 shares of the aircraft producer’s stock worth $15,001,000 after buying an additional 5,659 shares in the last quarter. Finally, Scopia Capital Management LP purchased a new position in Boeing during the first quarter worth approximately $38,707,000. 75.46% of the stock is 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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