Boeing Co. (NYSE:BA) had its price objective trimmed by Barclays PLC from $155.00 to $150.00 in a report issued on Thursday. The firm currently has an overweight rating on the aircraft producer’s stock.
Other research analysts have also recently issued research reports about the stock. Citigroup Inc. dropped their price objective on shares of 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 price objective on shares of Boeing and gave the company a sell rating in a report on Tuesday, August 30th. Jefferies Group restated a positive rating and issued a $165.00 price objective on shares of Boeing in a report on Friday, September 30th. Zacks Investment Research upgraded shares of Boeing from a hold rating to a buy rating and set a $147.00 price objective for the company in a report on Wednesday, September 28th. Finally, JPMorgan Chase & Co. restated a neutral rating and issued a $145.00 price objective on shares of Boeing in a report on Sunday, July 31st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Boeing currently has an average rating of Hold and an average target price of $147.94.
Boeing (NYSE:BA) opened at 135.84 on Thursday. The firm’s 50-day moving average is $131.42 and its 200-day moving average is $131.12. Boeing has a 52 week low of $102.10 and a 52 week high of $150.59. The firm has a market cap of $84.74 billion, a price-to-earnings ratio of 24.45 and a beta of 1.03.
Boeing (NYSE:BA) last announced its quarterly earnings results 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. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The business earned $24.80 million during the quarter, compared to analysts’ expectations of $23.22 million. During the same period last year, the business earned $1.62 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts anticipate that Boeing will post $6.29 earnings per share for the current year.
In other 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 transaction of $1,882,932.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Randall L. Stephenson acquired 1,871 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were bought at an average price of $133.89 per share, for a total transaction of $250,508.19. Following the completion of 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 company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Nelson Roberts Investment Advisors LLC raised its position in shares of Boeing by 23.7% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 940 shares of the aircraft producer’s stock valued at $122,000 after buying an additional 180 shares during the last quarter. Van Hulzen Asset Management LLC raised its position in shares of Boeing by 11.1% in the second quarter. Van Hulzen Asset Management LLC now owns 1,000 shares of the aircraft producer’s stock valued at $130,000 after buying an additional 100 shares during the last quarter. Cascade Investment Advisors Inc. bought a new position in shares of Boeing during the second quarter valued at $136,000. SevenBridge Financial Group LLC bought a new position in shares of Boeing during the second quarter valued at $142,000. Finally, Kelly Lawrence W & Associates Inc. CA raised its position in shares of Boeing by 25.5% in the second quarter. Kelly Lawrence W & Associates Inc. CA now owns 1,155 shares of the aircraft producer’s stock valued at $150,000 after buying an additional 235 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.
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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