Boeing (BA) Cut to “Buy” at Vetr

Vetr lowered shares of Boeing (NYSE:BA) from a strong-buy rating to a buy rating in a research report report published on Monday morning. The firm currently has $368.72 price objective on the aircraft producer’s stock.

A number of other brokerages have also recently weighed in on BA. Morgan Stanley set a $373.00 price objective on Boeing and gave the stock a hold rating in a research note on Thursday, March 22nd. Buckingham Research set a $289.00 price objective on Boeing and gave the stock a hold rating in a research note on Thursday, February 8th. Zacks Investment Research upgraded Boeing from a hold rating to a buy rating and set a $330.00 price objective for the company in a research note on Tuesday, January 2nd. Canaccord Genuity restated a hold rating and set a $345.00 price objective (up from $290.00) on shares of Boeing in a research note on Thursday, February 1st. Finally, Royal Bank of Canada restated a hold rating and set a $358.00 price objective (down from $378.00) on shares of Boeing in a research note on Friday, April 6th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $365.55.

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Shares of BA stock opened at $331.77 on Monday. Boeing has a twelve month low of $175.47 and a twelve month high of $371.60. The firm has a market capitalization of $193,778.08, a price-to-earnings ratio of 27.56, a PEG ratio of 1.70 and a beta of 1.40. 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 (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The business had revenue of $25.37 billion during the quarter, compared to analysts’ expectations of $24.78 billion. During the same period in the prior year, the business earned $2.47 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. equities analysts forecast that Boeing will post 14.05 EPS for the current year.

In related news, CFO Gregory D. Smith sold 36,079 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

A number of large investors have recently made changes to their positions in BA. Lipe & Dalton acquired a new position in shares of Boeing in the third quarter valued at about $100,000. Burt Wealth Advisors acquired a new position in shares of Boeing in the third quarter valued at about $100,000. Stonehearth Capital Management LLC acquired a new position in shares of Boeing in the fourth quarter valued at about $105,000. Solaris Asset Management LLC acquired a new position in shares of Boeing in the fourth quarter valued at about $111,000. Finally, Clear Perspective Advisors LLC increased its holdings in shares of Boeing by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after purchasing an additional 135 shares during the period. 70.84% of the stock is currently owned by institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Boeing (NYSE:BA)

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