Credit Suisse Group AG reiterated their neutral rating on shares of Boeing Co. (NYSE:BA) in a research note issued to investors on Friday morning. The brokerage currently has a $148.00 price objective on the aircraft producer’s stock.
Several other equities research analysts have also issued reports on the stock. 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 Tuesday, August 30th. Vetr lowered shares of Boeing from a hold rating to a sell rating and set a $126.07 price objective for the company. in a research report on Wednesday, August 24th. Jefferies Group reaffirmed a buy rating and set a $133.53 price target (down from $165.00) on shares of Boeing in a report on Friday, July 22nd. JPMorgan Chase & Co. set a $140.00 price target on shares of Boeing and gave the company a neutral rating in a report on Monday, July 4th. Finally, Citigroup Inc. lowered their price target 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 analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. Boeing has a consensus rating of Hold and a consensus target price of $147.18.
Shares of Boeing (NYSE:BA) opened at 132.23 on Friday. Boeing has a one year low of $102.10 and a one year high of $150.59. The stock has a 50 day moving average of $131.59 and a 200-day moving average of $131.01. The stock has a market capitalization of $82.49 billion, a PE ratio of 23.80 and a beta of 1.06.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share (EPS) for the quarter, topping 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 company earned $24.80 million during the quarter, compared to analyst estimates of $23.22 million. During the same quarter in the prior year, the business earned $1.62 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts predict that Boeing will post $6.29 earnings per share for the current fiscal year.
In other news, Director Randall L. Stephenson bought 1,871 shares of the company’s 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 completion of the transaction, the director now directly owns 3,721 shares in the company, valued at approximately $498,204.69. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Diana L. Sands sold 14,151 shares of Boeing stock in a transaction that occurred 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 disclosure for this sale can be found here. 0.58% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nelson Roberts Investment Advisors LLC increased its position in Boeing by 23.7% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 940 shares of the aircraft producer’s stock valued at $122,000 after buying an additional 180 shares during the period. Van Hulzen Asset Management LLC increased its position in Boeing by 11.1% in the second quarter. Van Hulzen Asset Management LLC now owns 1,000 shares of the aircraft producer’s stock valued at $130,000 after buying an additional 100 shares during the period. Cascade Investment Advisors Inc. purchased a new position in Boeing during the second quarter valued at $136,000. SevenBridge Financial Group LLC purchased a new position in Boeing during the second quarter valued at $142,000. Finally, Kelly Lawrence W & Associates Inc. CA increased its position in Boeing by 25.5% in the second quarter. Kelly Lawrence W & Associates Inc. CA now owns 1,155 shares of the aircraft producer’s stock valued at $150,000 after buying an additional 235 shares during the period. 75.46% of the stock is currently owned by institutional investors and hedge funds.
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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