Boeing (BA) Rating Reiterated by Seaport Global Securities

Boeing (NYSE:BA)‘s stock had its “buy” rating reiterated by stock analysts at Seaport Global Securities in a research report issued to clients and investors on Thursday. They currently have a $430.00 price target on the aircraft producer’s stock. Seaport Global Securities’ target price points to a potential upside of 22.50% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Vetr upgraded shares of Boeing from a “strong sell” rating to a “sell” rating and set a $303.48 price objective on the stock in a research note on Tuesday. Wolfe Research upgraded shares of Boeing from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Robert W. Baird set a $433.00 price target on shares of Boeing and gave the company a “buy” rating in a research note on Tuesday. They noted that the move was a valuation call. Citigroup upped their price target on shares of Boeing to $380.00 and gave the company a “buy” rating in a research note on Tuesday. They noted that the move was a valuation call. Finally, Cowen reiterated an “outperform” rating and issued a $415.00 price target (up previously from $320.00) on shares of Boeing in a research note on Tuesday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the stock. Boeing presently has an average rating of “Buy” and a consensus target price of $304.10.

Boeing (BA) opened at $351.01 on Thursday. The firm has a market cap of $209,050.00, a PE ratio of 32.29, a PEG ratio of 2.28 and a beta of 1.23. Boeing has a 52 week low of $156.75 and a 52 week high of $352.23. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. Boeing’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.51 EPS. research analysts predict that Boeing will post 10.13 earnings per share for the current fiscal year.

Boeing announced that its board has initiated a share buyback plan on Monday, December 11th that allows the company to repurchase $18.00 billion in shares. This repurchase authorization allows the aircraft producer to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Berkshire Asset Management LLC PA lifted its holdings in shares of Boeing by 54.3% during the 4th quarter. Berkshire Asset Management LLC PA now owns 3,321 shares of the aircraft producer’s stock worth $979,000 after acquiring an additional 1,169 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Boeing by 3.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,275,519 shares of the aircraft producer’s stock worth $965,756,000 after acquiring an additional 122,278 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Boeing by 10.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 6,611 shares of the aircraft producer’s stock worth $1,950,000 after acquiring an additional 613 shares during the period. Coastline Trust Co lifted its holdings in shares of Boeing by 6.5% during the 4th quarter. Coastline Trust Co now owns 3,120 shares of the aircraft producer’s stock worth $920,000 after acquiring an additional 190 shares during the period. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of Boeing by 28.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 14,595 shares of the aircraft producer’s stock worth $4,304,000 after acquiring an additional 3,191 shares during the period. 70.87% of the stock is owned by hedge funds and other institutional investors.

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Boeing Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

Analyst Recommendations for Boeing (NYSE:BA)

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