Boeing (NYSE:BA) received a $395.00 price objective from investment analysts at Buckingham Research in a report released on Friday, TipRanks reports. The brokerage currently has a “hold” rating on the aircraft producer’s stock. Buckingham Research’s price target indicates a potential upside of 3.82% from the stock’s current price.
Several other equities analysts also recently weighed in on the company. UBS Group set a $470.00 target price on Boeing and gave the company a “buy” rating in a research report on Tuesday, September 24th. Bank of America set a $420.00 target price on Boeing and gave the company a “hold” rating in a research report on Thursday, June 27th. Canaccord Genuity set a $380.00 target price on Boeing and gave the company a “hold” rating in a research report on Friday, July 19th. Credit Suisse Group restated a “buy” rating and issued a $425.00 price objective on shares of Boeing in a research report on Thursday, July 25th. Finally, Morgan Stanley set a $500.00 price objective on Boeing and gave the company a “buy” rating in a research report on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $402.65.
NYSE BA traded down $2.39 on Friday, hitting $380.47. 3,183,286 shares of the company traded hands, compared to its average volume of 5,472,323. The company has a market capitalization of $217.71 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 11.45 and a beta of 1.25. 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 business’s 50 day moving average price is $359.41 and its 200-day moving average price is $362.78. Boeing has a 52-week low of $292.47 and a 52-week high of $446.01.
Boeing (NYSE:BA) last released its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $1.07. The company had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.05 billion. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. Boeing’s quarterly revenue was down 35.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.33 earnings per share. As a group, sell-side analysts predict that Boeing will post 4.09 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in BA. Thoroughbred Financial Services LLC lifted its position in shares of Boeing by 36,928.2% in the second quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock valued at $623,555,000 after acquiring an additional 6,218,711 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Boeing by 1,774.6% in the second quarter. Nuveen Asset Management LLC now owns 4,149,922 shares of the aircraft producer’s stock worth $1,510,613,000 after buying an additional 3,928,546 shares in the last quarter. Viking Global Investors LP purchased a new stake in shares of Boeing in the second quarter worth about $1,010,899,000. Price T Rowe Associates Inc. MD lifted its position in shares of Boeing by 7.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 35,740,551 shares of the aircraft producer’s stock worth $13,009,918,000 after buying an additional 2,607,364 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Boeing by 26.5% in the first quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock worth $4,211,577,000 after buying an additional 2,311,630 shares in the last quarter. Institutional investors and hedge funds own 67.86% of the company’s stock.
Boeing Company Profile
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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