Boeing (NYSE:BA) had its price objective increased by Morgan Stanley from $373.00 to $400.00 in a report released on Monday morning, MarketBeat.com reports. Morgan Stanley currently has a hold rating on the aircraft producer’s stock.
BA has been the subject of a number of other reports. Vetr cut shares of Boeing from a strong-buy rating to a buy rating and set a $368.72 price target for the company. in a research note on Tuesday, April 10th. Berenberg Bank set a $395.00 price target on shares of Boeing and gave the stock a buy rating in a research note on Monday, January 29th. Buckingham Research reaffirmed a hold rating and set a $203.00 price target on shares of Boeing in a research note on Friday, December 22nd. Jefferies Group reaffirmed a buy rating and set a $339.00 price target on shares of Boeing in a research note on Monday, January 8th. Finally, Wells Fargo reaffirmed a market perform rating and set a $365.00 price target (up from $330.00) on shares of Boeing in a research note on Thursday, February 1st. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $365.55.
Shares of NYSE:BA opened at $331.77 on Monday. Boeing has a 52 week low of $175.47 and a 52 week high of $371.60. The firm has a market capitalization of $193,778.08, a price-to-earnings ratio of 27.56, a price-to-earnings-growth 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 quarterly earnings data 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 business had revenue of $25.37 billion during the quarter, compared to analysts’ expectations of $24.78 billion. During the same period last year, the company posted $2.47 EPS. The business’s revenue was up 8.9% on a year-over-year basis. research analysts expect that Boeing will post 14.05 EPS for the current fiscal year.
In other news, CFO Gregory D. Smith sold 36,079 shares of the business’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.24% of the company’s stock.
Large investors have recently bought and sold shares of the company. Stonehearth Capital Management LLC bought a new stake in shares of Boeing in the 4th quarter valued at about $105,000. Solaris Asset Management LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $111,000. Lipe & Dalton bought a new position in shares of Boeing during the 3rd quarter worth approximately $100,000. Burt Wealth Advisors bought a new position in shares of Boeing during the 3rd quarter worth approximately $100,000. Finally, Welch Group LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $120,000. Institutional investors and hedge funds own 70.84% of the company’s stock.
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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.
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