Boeing Co. (BA) Receives New Coverage from Analysts at Robert W. Baird
Robert W. Baird began coverage on shares of Boeing Co. (NYSE:BA) in a research note published on Wednesday. The firm issued an outperform rating and a $161.00 price target on the aircraft producer’s stock.
A number of other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Boeing from a buy rating to a hold rating in a research report on Monday. Jefferies Group reaffirmed a positive rating and issued a $165.00 target price on shares of Boeing in a research report on Friday, September 30th. Credit Suisse Group AG reaffirmed a neutral rating and issued a $148.00 target price on shares of Boeing in a research report on Friday, September 23rd. Citigroup Inc. cut their target price on shares of Boeing from $168.00 to $160.00 and set a buy rating for the company in a research report on Monday, September 19th. Finally, Vetr raised shares of Boeing from a sell rating to a hold rating and set a $126.07 target price for the company in a research report on Wednesday, August 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. Boeing currently has a consensus rating of Hold and an average target price of $147.94.
Shares of Boeing (NYSE:BA) traded down 0.34% during midday trading on Wednesday, hitting $134.20. The company had a trading volume of 770,116 shares. The stock has a 50 day moving average price of $131.42 and a 200 day moving average price of $131.13. The firm has a market capitalization of $83.72 billion, a P/E ratio of 24.16 and a beta of 1.03. Boeing has a 1-year low of $102.10 and a 1-year high of $150.59.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) EPS for the quarter, topping 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 the consensus estimate of $23.22 million. During the same quarter in the previous year, the firm posted $1.62 EPS. The firm’s revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Boeing will post $6.29 EPS for the current fiscal year.
In other news, SVP Diana L. Sands sold 14,151 shares of Boeing 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Randall L. Stephenson bought 1,871 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was bought at an average price of $133.89 per share, for a total transaction of $250,508.19. Following the transaction, the director now owns 3,721 shares of the company’s stock, valued at $498,204.69. The disclosure for this purchase can be found here. 0.58% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Badgley Phelps & Bell Inc. raised its stake in shares of Boeing by 5.7% in the first quarter. Badgley Phelps & Bell Inc. now owns 79,105 shares of the aircraft producer’s stock valued at $10,042,000 after buying an additional 4,262 shares during the period. Dynamic Advisors Solutions LLC raised its stake in shares of Boeing by 3.0% in the first quarter. Dynamic Advisors Solutions LLC now owns 1,766 shares of the aircraft producer’s stock valued at $224,000 after buying an additional 52 shares during the period. Tiemann Investment Advisors LLC raised its stake in shares of Boeing by 1.0% in the first quarter. Tiemann Investment Advisors LLC now owns 2,640 shares of the aircraft producer’s stock valued at $335,000 after buying an additional 25 shares during the period. Virginia Retirement System bought a new stake in shares of Boeing during the first quarter valued at about $6,984,000. Finally, Nisa Investment Advisors L.L.C. raised its stake in shares of Boeing by 6.2% in the first quarter. Nisa Investment Advisors L.L.C. now owns 230,514 shares of the aircraft producer’s stock valued at $29,261,000 after buying an additional 13,450 shares during the period. 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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