Boeing Co. (BA) PT Lowered to $150.00
Boeing Co. (NYSE:BA) had its price objective decreased by stock analysts at Barclays PLC from $155.00 to $150.00 in a research report issued on Thursday. The firm presently has an “overweight” rating on the aircraft producer’s stock. Barclays PLC’s target price points to a potential upside of 11.39% from the company’s previous close.
Several other brokerages also recently issued reports on BA. Goldman Sachs Group Inc. set a $107.00 price objective on shares of Boeing and gave the stock a “sell” rating in a research report on Thursday, July 28th. Canaccord Genuity raised their price objective on shares of Boeing from $140.00 to $144.00 and gave the stock a “hold” rating in a research report on Thursday, July 28th. Jefferies Group restated a “buy” rating and set a $165.00 price objective on shares of Boeing in a research report on Friday, August 19th. Robert W. Baird started coverage on shares of Boeing in a research report on Wednesday. They issued an “outperform” rating and a $161.00 price target for the company. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $145.00 price target on shares of Boeing in a research report on Sunday, July 31st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $147.94.
Boeing (NYSE:BA) opened at 134.66 on Thursday. Boeing has a 12-month low of $102.10 and a 12-month high of $150.59. The firm has a market cap of $84.00 billion, a PE ratio of 24.24 and a beta of 1.03. The firm has a 50-day moving average price of $131.42 and a 200 day moving average price of $131.13.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.92) by $0.48. The firm earned $24.80 million during the quarter, compared to the consensus estimate of $23.22 million. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the business posted $1.62 earnings per share. Equities research analysts forecast that Boeing will post $6.29 EPS for the current year.
In other Boeing news, Director Randall L. Stephenson bought 1,871 shares of the stock in a transaction that occurred on 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 acquisition, the director now directly owns 3,721 shares of the company’s stock, valued at approximately $498,204.69. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Diana L. Sands sold 14,151 shares of the company’s 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. Insiders own 0.58% of the company’s stock.
Large investors have recently bought and sold shares of the company. Sii Investments Inc. WI raised its stake in Boeing by 66.5% in the first quarter. Sii Investments Inc. WI now owns 15,438 shares of the aircraft producer’s stock worth $1,958,000 after buying an additional 6,164 shares in the last quarter. KLCM Advisors Inc. acquired a new stake in Boeing during the first quarter worth $404,000. Telemus Capital LLC acquired a new stake in Boeing during the first quarter worth $396,000. Commonwealth Equity Services Inc raised its stake in Boeing by 8.3% in the first quarter. Commonwealth Equity Services Inc now owns 219,331 shares of the aircraft producer’s stock worth $27,842,000 after buying an additional 16,806 shares in the last quarter. Finally, VNBTrust National Association raised its stake in Boeing by 1.4% in the first quarter. VNBTrust National Association now owns 4,424 shares of the aircraft producer’s stock worth $562,000 after buying an additional 59 shares in the last quarter. Institutional investors own 75.46% of the company’s stock.
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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