Boeing Co. (BA) Given “Buy” Rating at Jefferies Group
Jefferies Group reiterated their buy rating on shares of Boeing Co. (NYSE:BA) in a research note released on Saturday morning. The firm currently has a $165.00 price objective on the aircraft producer’s stock.
Several other research analysts have also recently weighed in on the stock. Barclays PLC dropped their price target on shares of Boeing from $155.00 to $150.00 and set an overweight rating on the stock in a research note on Thursday. Robert W. Baird assumed coverage on shares of Boeing in a report on Wednesday. They issued an outperform rating and a $161.00 target price for the company. Zacks Investment Research downgraded shares of Boeing from a buy rating to a hold rating in a report on Monday, October 3rd. Credit Suisse Group AG reaffirmed a neutral rating and issued a $148.00 target price on shares of Boeing in a report on Friday, September 23rd. Finally, Citigroup Inc. dropped their target price on shares of Boeing from $168.00 to $160.00 and set a buy rating for the company in a report on Monday, September 19th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. Boeing has an average rating of Hold and an average target price of $147.94.
Shares of Boeing (NYSE:BA) opened at 133.85 on Friday. The stock has a market capitalization of $83.50 billion, a price-to-earnings ratio of 24.10 and a beta of 1.03. The firm’s 50-day moving average is $131.38 and its 200 day moving average is $131.14. Boeing has a 52-week low of $102.10 and a 52-week high of $150.59.
Boeing (NYSE:BA) last issued its quarterly 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 had revenue of $24.80 million for the quarter, compared to analysts’ expectations of $23.22 million. Boeing had a net margin of 3.84% and a return on equity of 82.66%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $1.62 EPS. Equities analysts expect that Boeing will post $6.29 EPS for the current year.
In other news, Director Randall L. Stephenson bought 1,871 shares of the stock in a transaction on Monday, August 1st. The stock was bought at an average cost of $133.89 per share, for a total transaction of $250,508.19. Following the completion of the purchase, the director now directly owns 3,721 shares in the company, valued at $498,204.69. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Diana L. Sands sold 14,151 shares of the firm’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 transaction of $1,882,932.06. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Panagora Asset Management Inc. increased its stake in Boeing by 23.3% in the first quarter. Panagora Asset Management Inc. now owns 1,139,382 shares of the aircraft producer’s stock valued at $144,633,000 after buying an additional 215,276 shares during the last quarter. Rothschild Investment Corp IL increased its stake in Boeing by 2.6% in the second quarter. Rothschild Investment Corp IL now owns 90,321 shares of the aircraft producer’s stock valued at $11,730,000 after buying an additional 2,250 shares during the last quarter. First Quadrant L P CA increased its stake in Boeing by 991.8% in the second quarter. First Quadrant L P CA now owns 133,200 shares of the aircraft producer’s stock valued at $17,299,000 after buying an additional 121,000 shares during the last quarter. Heritage Investors Management Corp increased its stake in Boeing by 5.2% in the second quarter. Heritage Investors Management Corp now owns 115,504 shares of the aircraft producer’s stock valued at $15,001,000 after buying an additional 5,659 shares during the last quarter. Finally, Scopia Capital Management LP bought a new stake in Boeing during the first quarter valued at approximately $38,707,000. Institutional investors and hedge funds 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.
Receive News & Stock Ratings for Boeing Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Co. and related stocks with our FREE daily email newsletter.