Morgan Stanley reissued their hold rating on shares of Boeing (NYSE:BA) in a report published on Thursday. Morgan Stanley currently has a $373.00 price objective on the aircraft producer’s stock.
A number of other analysts have also commented on the stock. Barclays reaffirmed a buy rating and set a $388.00 target price on shares of Boeing in a report on Wednesday. JPMorgan Chase reaffirmed a buy rating on shares of Boeing in a report on Wednesday, March 14th. Vetr lowered shares of Boeing from a strong-buy rating to a buy rating and set a $386.80 target price for the company. in a report on Thursday, March 8th. Edward Jones raised shares of Boeing from a hold rating to a buy rating in a report on Tuesday, February 13th. Finally, Buckingham Research set a $289.00 target price on shares of Boeing and gave the stock a hold rating in a report on Thursday, February 8th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $365.19.
BA opened at $326.12 on Thursday. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37. Boeing has a 52 week low of $175.47 and a 52 week high of $371.60. The firm has a market cap of $191,918.36, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 1.69 and a beta of 1.39.
Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $1.89. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The firm had revenue of $25.37 billion during the quarter, compared to analyst estimates of $24.78 billion. During the same quarter in the previous year, the business earned $2.47 EPS. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. equities analysts expect that Boeing will post 14.05 EPS for the current year.
Boeing announced that its board has approved a stock repurchase plan on Monday, December 11th that authorizes the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization authorizes the aircraft producer to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
In related news, CFO Gregory D. Smith sold 36,079 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.24% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Stonehearth Capital Management LLC bought a new stake in Boeing during the 4th quarter worth about $105,000. Solaris Asset Management LLC bought a new stake in Boeing during the 4th quarter worth about $111,000. Lipe & Dalton bought a new stake in Boeing during the 3rd quarter worth about $100,000. Burt Wealth Advisors acquired a new position in shares of Boeing during the 3rd quarter worth about $100,000. Finally, Welch Group LLC acquired a new position in shares of Boeing during the 4th quarter worth about $120,000. 70.76% of the stock is currently owned by institutional investors and hedge funds.
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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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