Boeing Company (The) (NYSE:BA) had its price objective increased by Canaccord Genuity from $235.00 to $245.00 in a report issued on Wednesday, October 18th. The firm currently has a hold rating on the aircraft producer’s stock.
BA has been the subject of several other reports. Vetr downgraded Boeing Company (The) from a hold rating to a sell rating and set a $223.75 price objective for the company. in a report on Wednesday, July 26th. Zacks Investment Research downgraded Boeing Company (The) from a buy rating to a hold rating in a report on Thursday, July 13th. ValuEngine upgraded Boeing Company (The) from a hold rating to a buy rating in a report on Friday, September 1st. Credit Suisse Group upgraded shares of Boeing Company (The) from a neutral rating to an outperform rating and boosted their target price for the stock from $200.00 to $300.00 in a report on Thursday, July 27th. Finally, UBS AG boosted their target price on shares of Boeing Company (The) from $180.00 to $253.00 and gave the stock a neutral rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $251.40.
Shares of Boeing Company (NYSE BA) traded down 0.78% on Wednesday, hitting $257.25. 1,467,722 shares of the company’s stock were exchanged. The firm has a market cap of $152.06 billion, a P/E ratio of 22.54 and a beta of 1.21. The stock’s 50 day moving average is $254.15 and its 200 day moving average is $217.28. Boeing Company has a 12 month low of $138.80 and a 12 month high of $267.21.
Boeing Company (The) (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.65 by $0.07. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The company had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. During the same period in the previous year, the firm earned $3.51 earnings per share. Boeing Company (The)’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts predict that Boeing Company will post $10.06 earnings per share for the current year.
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In related news, Chairman Dennis A. Muilenburg sold 56,838 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the completion of the transaction, the chairman now directly owns 127,778 shares in the company, valued at approximately $31,108,831.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Thomas J. Downey sold 134 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,468 shares of company stock valued at $20,353,814. Company insiders own 0.28% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. 1ST Source Bank boosted its holdings in Boeing Company (The) by 16.0% during the 3rd quarter. 1ST Source Bank now owns 12,524 shares of the aircraft producer’s stock valued at $3,183,000 after acquiring an additional 1,727 shares during the period. Sitrin Capital Management LLC purchased a new position in Boeing Company (The) during the 3rd quarter valued at about $6,202,000. Vicus Capital boosted its holdings in Boeing Company (The) by 38.9% during the 3rd quarter. Vicus Capital now owns 2,508 shares of the aircraft producer’s stock valued at $638,000 after acquiring an additional 703 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Boeing Company (The) during the 3rd quarter valued at about $6,821,000. Finally, Hudock Capital Group LLC boosted its holdings in Boeing Company (The) by 3.3% during the 3rd quarter. Hudock Capital Group LLC now owns 8,950 shares of the aircraft producer’s stock valued at $2,275,000 after acquiring an additional 286 shares during the period. Institutional investors own 72.05% of the company’s stock.
Boeing Company (The) Company Profile
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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