Boeing (NYSE:BA) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday.
Several other research analysts have also recently weighed in on the stock. Royal Bank Of Canada set a $290.00 price target on shares of Boeing and gave the stock a “hold” rating in a report on Wednesday, November 15th. Canaccord Genuity restated a “hold” rating and set a $235.00 price target (up from $215.00) on shares of Boeing in a report on Sunday, September 17th. Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $289.00 price target on the stock in a report on Tuesday, October 10th. Jefferies Group boosted their price target on shares of Boeing from $300.00 to $312.00 and gave the stock a “buy” rating in a report on Tuesday, November 21st. Finally, Argus restated a “buy” rating and set a $290.00 price target (up from $270.00) on shares of Boeing in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. Boeing presently has an average rating of “Buy” and a consensus price target of $257.81.
Boeing (NYSE BA) traded up $3.70 during trading on Thursday, reaching $281.97. 4,259,008 shares of the company traded hands, compared to its average volume of 3,273,461. Boeing has a 1-year low of $153.06 and a 1-year high of $284.79. The stock has a market capitalization of $169,080.00, a PE ratio of 28.26, a PEG ratio of 2.10 and a beta of 1.24. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The business had revenue of $24.31 billion for the quarter, compared to analysts’ expectations of $24.09 billion. During the same period in the previous year, the company earned $3.51 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities analysts predict that Boeing will post 10.1 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Boeing by 1.0% in the second quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after purchasing an additional 407,511 shares during the period. State Street Corp raised its position in shares of Boeing by 0.3% in the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock valued at $5,028,731,000 after purchasing an additional 87,850 shares during the period. Jennison Associates LLC raised its position in shares of Boeing by 20.3% in the third quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock valued at $1,747,218,000 after purchasing an additional 1,160,859 shares during the period. Janus Henderson Group PLC raised its position in shares of Boeing by 7,215.0% in the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after purchasing an additional 4,852,679 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Boeing by 13.3% during the third quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock valued at $870,618,000 after acquiring an additional 402,240 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.
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Boeing 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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