Jefferies Group reissued their positive rating on shares of Boeing Co. (NYSE:BA) in a research report report published on Friday morning. They currently have a $165.00 price target on the aircraft producer’s stock.
Other equities analysts have also issued research reports about the company. Drexel Hamilton reissued a buy rating and issued a $158.00 target price on shares of Boeing in a research note on Friday, July 15th. Deutsche Bank AG reissued a buy rating and issued a $160.00 target price on shares of Boeing in a research note on Monday, June 20th. Argus reissued a buy rating and issued a $155.00 target price on shares of Boeing in a research note on Wednesday, August 3rd. Citigroup Inc. cut their target price on Boeing from $168.00 to $160.00 and set a buy rating on the stock in a research note on Monday, September 19th. Finally, Zacks Investment Research raised Boeing from a hold rating to a buy rating and set a $147.00 target price on the stock in a research note on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $147.18.
Boeing (NYSE:BA) opened at 134.66 on Friday. The firm’s 50-day moving average price is $131.42 and its 200 day moving average price is $131.13. Boeing has a 1-year low of $102.10 and a 1-year high of $150.59. The stock has a market cap of $84.00 billion, a PE ratio of 24.24 and a beta of 1.03.
Boeing (NYSE:BA) last released its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.92) by $0.48. Boeing had a return on equity of 82.66% and a net margin of 3.84%. The firm had revenue of $24.80 million for the quarter, compared to analyst estimates of $23.22 million. During the same quarter in the prior year, the firm posted $1.62 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts expect that Boeing will post $6.29 EPS for the current year.
In other news, SVP Diana L. Sands sold 14,151 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $133.06, for a total transaction of $1,882,932.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Randall L. Stephenson purchased 1,871 shares of the stock in a transaction dated Monday, August 1st. The shares were acquired at an average cost of $133.89 per share, with a total value of $250,508.19. Following the acquisition, the director now directly owns 3,721 shares in the company, valued at approximately $498,204.69. The disclosure for this purchase can be found here. 0.58% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of BA. IMS Capital Management boosted its position in Boeing by 18.9% in the first quarter. IMS Capital Management now owns 2,201 shares of the aircraft producer’s stock worth $279,000 after buying an additional 350 shares during the period. Duncker Streett & Co. Inc. boosted its position in Boeing by 1.0% in the first quarter. Duncker Streett & Co. Inc. now owns 9,681 shares of the aircraft producer’s stock worth $1,229,000 after buying an additional 95 shares during the period. Douglas Lane & Associates LLC acquired a new position in Boeing during the first quarter worth approximately $542,000. Lodestar Investment Counsel LLC IL boosted its position in Boeing by 117.4% in the first quarter. Lodestar Investment Counsel LLC IL now owns 3,659 shares of the aircraft producer’s stock worth $464,000 after buying an additional 1,976 shares during the period. Finally, Cornerstone Investment Partners LLC boosted its position in Boeing by 16.9% in the first quarter. Cornerstone Investment Partners LLC now owns 668,046 shares of the aircraft producer’s stock worth $84,802,000 after buying an additional 96,676 shares during the period. 75.46% of the stock is owned by institutional investors.
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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