Boeing Co. (NYSE:BA) – Stock analysts at Jefferies Group raised their FY2016 EPS estimates for Boeing in a research note issued on Thursday. Jefferies Group analyst H. Rubel now forecasts that the firm will earn $6.25 per share for the year, up from their prior forecast of $6.20. Jefferies Group has a “Positive” rating and a $165.00 price objective on the stock. Jefferies Group also issued estimates for Boeing’s Q4 2016 earnings at $2.40 EPS, FY2017 earnings at $9.45 EPS and FY2018 earnings at $10.00 EPS.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) EPS for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $1.62 earnings per share. The company’s revenue was up .9% on a year-over-year basis.

Earnings History and Estimates for Boeing (NYSE:BA)

A number of other research firms have also weighed in on BA. JPMorgan Chase & Co. set a $140.00 price objective on shares of Boeing and gave the company a “neutral” rating in a research note on Monday, July 4th. Vetr upgraded shares of Boeing from a “sell” rating to a “hold” rating and set a $129.80 price objective for the company in a research note on Monday, August 1st. Goldman Sachs Group Inc. set a $100.00 price objective on shares of Boeing and gave the company a “sell” rating in a research note on Friday, July 22nd. Credit Suisse Group AG reiterated a “neutral” rating and issued a $148.00 price objective on shares of Boeing in a research note on Friday, September 23rd. Finally, Citigroup Inc. reduced their price objective on shares of Boeing from $168.00 to $160.00 and set a “buy” rating for the company in a research note on Monday, September 19th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $147.94.

Shares of Boeing (NYSE:BA) traded down 0.73% on Friday, hitting $133.44. 2,536,579 shares of the stock traded hands. Boeing has a 52 week low of $102.10 and a 52 week high of $150.59. The stock has a 50-day moving average price of $131.41 and a 200 day moving average price of $131.15. The firm has a market cap of $83.24 billion, a P/E ratio of 24.02 and a beta of 1.03.

In other news, SVP Diana L. Sands sold 14,151 shares of the company’s stock in a transaction that occurred on 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 filing with the SEC, which is accessible through this link. Also, Director Randall L. Stephenson bought 1,871 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was purchased at an average price of $133.89 per share, for a total transaction of $250,508.19. Following the purchase, the director now owns 3,721 shares of the company’s stock, valued at approximately $498,204.69. The disclosure for this purchase can be found here. 0.58% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of BA. Capital World Investors increased its position in shares of Boeing by 8.8% in the second quarter. Capital World Investors now owns 47,676,799 shares of the aircraft producer’s stock valued at $6,191,786,000 after buying an additional 3,866,637 shares in the last quarter. Capital Research Global Investors increased its position in shares of Boeing by 15.8% in the second quarter. Capital Research Global Investors now owns 19,728,620 shares of the aircraft producer’s stock valued at $2,562,156,000 after buying an additional 2,690,120 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Boeing by 5.8% in the first quarter. Geode Capital Management LLC now owns 5,524,347 shares of the aircraft producer’s stock valued at $699,957,000 after buying an additional 304,674 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Boeing by 67.9% in the first quarter. Franklin Resources Inc. now owns 4,906,313 shares of the aircraft producer’s stock valued at $622,808,000 after buying an additional 1,984,650 shares in the last quarter. Finally, BlackRock Group LTD increased its position in shares of Boeing by 5.9% in the first quarter. BlackRock Group LTD now owns 4,481,880 shares of the aircraft producer’s stock valued at $568,928,000 after buying an additional 248,233 shares in the last quarter. Hedge funds and other institutional investors own 75.46% of the company’s stock.

About Boeing

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.

5 Day Chart for NYSE:BA

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