Boeing (NYSE:BA) was upgraded by equities research analysts at Morgan Stanley to an “equal weight” rating in a note issued to investors on Tuesday.
A number of other brokerages have also commented on BA. Canaccord Genuity boosted their target price on Boeing from $290.00 to $345.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. Wells Fargo reaffirmed a “market perform” rating and issued a $365.00 target price (up from $330.00) on shares of Boeing in a research report on Thursday, February 1st. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada set a $363.00 target price on Boeing and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Finally, Vetr lowered Boeing from a “buy” rating to a “hold” rating and set a $369.18 target price for the company. in a research report on Monday, February 26th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $365.55.
Shares of Boeing stock opened at $331.77 on Tuesday. Boeing has a one year low of $175.47 and a one year high of $371.60. The stock has a market capitalization of $193,778.08, a P/E 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 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $24.78 billion. During the same period in the previous year, the company posted $2.47 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. 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 that occurred on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total value of $12,174,136.97. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.24% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Boeing by 8.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 68,746 shares of the aircraft producer’s stock worth $20,274,000 after buying an additional 5,301 shares during the last quarter. Fairfield Bush & CO. purchased a new position in shares of Boeing in the 4th quarter worth approximately $289,000. D.B. Root & Company LLC purchased a new position in shares of Boeing in the 4th quarter worth approximately $1,455,000. Cable Hill Partners LLC boosted its stake in shares of Boeing by 9.4% in the 4th quarter. Cable Hill Partners LLC now owns 1,754 shares of the aircraft producer’s stock worth $520,000 after buying an additional 151 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in shares of Boeing by 3.6% in the 4th quarter. Rehmann Capital Advisory Group now owns 5,711 shares of the aircraft producer’s stock worth $1,684,000 after buying an additional 201 shares during the last quarter. Hedge funds and other institutional investors 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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