Boeing (NYSE:BA)‘s stock had its “buy” rating restated by equities research analysts at Credit Suisse Group in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. They presently have a $425.00 price objective on the aircraft producer’s stock. Credit Suisse Group’s price target indicates a potential upside of 23.19% from the company’s previous close.
Other analysts have also recently issued research reports about the company. Canaccord Genuity reiterated a “buy” rating on shares of Wheaton Precious Metals in a research report on Friday, July 19th. Citigroup set a $12.00 target price on Controladora Vuela Co Avcn SA CV and gave the company a “buy” rating in a research report on Monday, July 15th. TheStreet raised Viacom from a “c+” rating to a “b-” rating in a research report on Wednesday, April 24th. Morgan Stanley set a $620.00 target price on Intuitive Surgical and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Zacks Investment Research raised Grana y Montero SAA from a “sell” rating to a “hold” rating in a research report on Monday, June 10th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Boeing currently has an average rating of “Hold” and a consensus price target of $403.79.
Shares of BA stock traded down $3.09 during midday trading on Thursday, reaching $345.00. 4,358,461 shares of the company traded hands, compared to its average volume of 5,871,591. The business’s 50 day moving average price is $361.04. Boeing has a 1-year low of $292.47 and a 1-year high of $446.01. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. The stock has a market cap of $203.35 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.52 and a beta of 1.30.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $1.07. The firm had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The company’s quarterly revenue was down 35.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.33 earnings per share. As a group, equities research analysts expect that Boeing will post 12.85 EPS for the current year.
Large investors have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV grew its stake in shares of Boeing by 1.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,851 shares of the aircraft producer’s stock valued at $919,000 after acquiring an additional 29 shares in the last quarter. Cardan Capital Partners LLC lifted its position in Boeing by 1.9% during the first quarter. Cardan Capital Partners LLC now owns 1,607 shares of the aircraft producer’s stock worth $613,000 after purchasing an additional 30 shares during the period. Haverford Trust Co. lifted its position in Boeing by 0.4% during the fourth quarter. Haverford Trust Co. now owns 7,096 shares of the aircraft producer’s stock worth $2,288,000 after purchasing an additional 31 shares during the period. Apriem Advisors lifted its position in Boeing by 1.3% during the fourth quarter. Apriem Advisors now owns 2,459 shares of the aircraft producer’s stock worth $793,000 after purchasing an additional 31 shares during the period. Finally, Spectrum Management Group Inc. lifted its position in Boeing by 0.3% during the fourth quarter. Spectrum Management Group Inc. now owns 13,140 shares of the aircraft producer’s stock worth $4,238,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 67.92% of the company’s stock.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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