Brokerages Set Boeing Co. (NYSE:BA) PT at $144.56
Shares of Boeing Co. (NYSE:BA) have been assigned an average recommendation of “Hold” from the twenty-five analysts that are covering the company. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $135.74.
Several brokerages have recently weighed in on BA. Goldman Sachs Group Inc. set a $107.00 target price on Boeing and gave the stock a “sell” rating in a research note on Thursday, July 28th. Morgan Stanley began coverage on Boeing in a research note on Thursday, June 23rd. They set an “overweight” rating and a $153.00 target price for the company. Vetr downgraded Boeing from a “hold” rating to a “sell” rating and set a $126.07 target price for the company. in a research note on Wednesday, August 24th. Canaccord Genuity upped their target price on Boeing from $140.00 to $144.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $133.53 target price (down from $165.00) on shares of Boeing in a research note on Friday, July 22nd.
Shares of Boeing (NYSE:BA) opened at 131.74 on Friday. Boeing has a 12 month low of $102.10 and a 12 month high of $150.59. The company has a market capitalization of $82.18 billion, a P/E ratio of 23.72 and a beta of 1.06. The company has a 50-day moving average price of $131.52 and a 200-day moving average price of $131.05.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.92) by $0.48. The business earned $24.80 million during the quarter, compared to the consensus estimate of $23.22 million. Boeing had a return on equity of 82.66% and a net margin of 3.84%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $1.62 EPS. On average, analysts forecast that Boeing will post $6.29 EPS for the current fiscal year.
In other Boeing news, Director Randall L. Stephenson acquired 1,871 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were acquired at an average price of $133.89 per share, for a total transaction of $250,508.19. Following the acquisition, the director now owns 3,721 shares in the company, valued at approximately $498,204.69. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $1,882,932.06. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nelson Roberts Investment Advisors LLC increased its position in Boeing by 23.7% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 940 shares of the aircraft producer’s stock worth $122,000 after buying an additional 180 shares in the last quarter. Van Hulzen Asset Management LLC increased its position in Boeing by 11.1% in the second quarter. Van Hulzen Asset Management LLC now owns 1,000 shares of the aircraft producer’s stock worth $130,000 after buying an additional 100 shares in the last quarter. Cascade Investment Advisors Inc. purchased a new position in Boeing during the second quarter worth about $136,000. SevenBridge Financial Group LLC purchased a new position in Boeing during the second quarter worth about $142,000. Finally, Kelly Lawrence W & Associates Inc. CA increased its position in 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 worth $150,000 after buying an additional 235 shares in the last quarter. Institutional investors and hedge funds own 75.46% 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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