Boeing’s (BA) “Neutral” Rating Reiterated at Goldman Sachs Group

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Boeing (NYSE:BA)‘s stock had its “neutral” rating reissued by stock analysts at Goldman Sachs Group in a research note issued on Friday, Borsen Zeitung reports. They presently have a $375.00 price target on the aircraft producer’s stock. Goldman Sachs Group’s target price indicates a potential upside of 2.65% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Tigress Financial reissued a “buy” rating on shares of Boeing in a research note on Wednesday, March 27th. Barclays increased their target price on shares of Tyson Foods from $73.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Bank of America set a $420.00 target price on shares of Boeing and gave the stock a “hold” rating in a research note on Thursday, June 27th. Finally, UBS Group increased their target price on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $406.63.

Shares of NYSE BA opened at $365.33 on Friday. The company has a market capitalization of $205.55 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 2.46 and a beta of 1.30. Boeing has a 12-month low of $292.47 and a 12-month high of $446.01. The business’s fifty day moving average is $356.30. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.07.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.11 by $0.05. The business had revenue of $22.92 billion for the quarter, compared to analyst estimates of $23.04 billion. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. Boeing’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.64 earnings per share. As a group, equities analysts anticipate that Boeing will post 13.29 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Pinnacle Associates Ltd. lifted its position in shares of Boeing by 15.1% during the fourth quarter. Pinnacle Associates Ltd. now owns 74,661 shares of the aircraft producer’s stock valued at $24,078,000 after purchasing an additional 9,787 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in shares of Boeing by 31.0% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 2,237 shares of the aircraft producer’s stock valued at $722,000 after purchasing an additional 529 shares in the last quarter. Schulhoff & Co. Inc. lifted its position in shares of Boeing by 8.9% during the fourth quarter. Schulhoff & Co. Inc. now owns 1,840 shares of the aircraft producer’s stock valued at $593,000 after purchasing an additional 150 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Boeing by 47.2% during the fourth quarter. First Trust Advisors LP now owns 169,587 shares of the aircraft producer’s stock valued at $54,692,000 after purchasing an additional 54,407 shares in the last quarter. Finally, Madrona Financial Services LLC lifted its position in shares of Boeing by 7.0% during the fourth quarter. Madrona Financial Services LLC now owns 856 shares of the aircraft producer’s stock valued at $276,000 after purchasing an additional 56 shares in the last quarter. 67.99% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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