Boeing (NYSE:BA)‘s stock had its “buy” rating reiterated by equities researchers at Cowen during a research note issued to investors on Monday, AnalystRatings.com reports. They presently have a $419.00 price target on the aircraft producer’s stock. Cowen’s price target points to a possible upside of 24.30% from the stock’s previous close.
Other equities analysts have also issued research reports about the corporate. ValuEngine raised Boeing from a “hold” rating to a “buy” rating during a research report on Friday, October 25th. Jefferies Financial Group set a $420.00 target price on shares of Boeing and gave the stock a “buy” rating during a research report on Tuesday, December 17th. UBS Group upgraded shares of Boeing from a “neutral” rating to a “buy” rating during a research note on Wednesday, October 23rd. Buckingham Research reissued a “hold” rating and set a $365.00 price target (down from $395.00) on shares of Boeing during a research report on Tuesday, October 29th. Finally, Morgan Stanley lowered their price target on shares of Boeing from $500.00 to $450.00 and set an “overweight” rating for the corporate during a research report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the corporate. the corporate presently features a consensus rating of “Hold” and a mean price target of $372.41.
Shares of NYSE:BA traded up $9.10 during trading on Monday, hitting $337.10. The stock had a trading volume of 4,610,057 shares, compared to its average volume of 5,382,926. Boeing features a 12 month low of $292.47 and a 12 month high of $446.01. the corporate features a market capitalisation of $184.60 billion, a PE ratio of 21.06, a PEG ratio of 42.41 and a beta of 1.24. The firm’s fifty day moving average is $355.20 and its 200 day moving average is $357.59. the corporate features a quick ratio of 0.31, a current ratio of 1.11 and a debt-to-equity ratio of 48.98.
Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 EPS for the quarter, missing the Zacks’ consensus estimate of $2.04 by ($0.59). The firm had revenue of $19.98 billion during the quarter, compared to analysts’ expectations of $20 billion. Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The company’s revenue for the quarter was down 20.5% compared to an equivalent quarter last year. During an equivalent quarter within the previous year, the business earned $3.58 EPS. Equities research analysts expect that Boeing will post 0.95 EPS for the present financial year.
A number of hedge funds and other institutional investors have recently made changes to their positions in BA. Vanguard Capital Wealth Advisors grew its position in shares of Boeing by 0.4% during the third quarter. Vanguard Capital Wealth Advisors now owns 6,730 shares of the aircraft producer’s stock valued at $2,560,000 after purchasing a further 29 shares within the half-moon. Pflug Koory LLC boosted its stake in Boeing by 0.6% during the third quarter. Pflug Koory LLC now owns 5,398 shares of the aircraft producer’s stock valued at $2,054,000 after buying a further 30 shares during the half-moon. LeJeune Puetz Investment Counsel LLC boosted its stake in Boeing by 0.3% during the third quarter. LeJeune Puetz Investment Counsel LLC now owns 10,904 shares of the aircraft producer’s stock valued at $4,149,000 after buying a further 30 shares during the half-moon. Lesa Sroufe & Co grew its holdings in Boeing by 2.4% during the 3rd quarter. Lesa Sroufe & Co now owns 1,292 shares of the aircraft producer’s stock valued at $492,000 after buying a further 30 shares within the half-moon. Finally, Virginia Capital Management Inc. grew its holdings in Boeing by 0.8% during the 3rd quarter. Virginia Capital Management Inc. now owns 3,587 shares of the aircraft producer’s stock valued at $1,365,000 after buying a further 30 shares within the half-moon. Institutional investors own 68.42% of the company’s stock.
Boeing Company Profile
The Boeing Company, along side 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 corporate operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.