A number of other research analysts have also recently issued reports on BA. Berenberg Bank reaffirmed a buy rating and issued a $400.00 price target on shares of Boeing in a report on Tuesday, August 6th. Citigroup set a $430.00 price target on Boeing and gave the company a buy rating in a report on Monday, July 15th. Bank of America set a $420.00 price target on Boeing and gave the company a hold rating in a report on Thursday, June 27th. Zacks Investment Research raised Boeing from a strong sell rating to a hold rating and set a $301.00 price target for the company in a report on Monday, June 10th. Finally, Buckingham Research set a $395.00 price target on Boeing and gave the company a hold rating in a report on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $402.65.
Boeing stock opened at $379.39 on Thursday. The stock has a 50-day simple moving average of $352.99 and a 200 day simple moving average of $364.41. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. Boeing has a 12-month low of $292.47 and a 12-month high of $446.01. The stock has a market capitalization of $216.33 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 11.38 and a beta of 1.25.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.85 by $1.07. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The business had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.05 billion. During the same period in the previous year, the business posted $3.33 earnings per share. The firm’s revenue for the quarter was down 35.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Boeing will post 4.09 EPS for the current year.
A number of large investors have recently made changes to their positions in the business. NuWave Investment Management LLC grew its position in shares of Boeing by 554.5% during the 2nd quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock worth $26,000 after buying an additional 61 shares during the period. Nordea Investment Management AB grew its position in shares of Boeing by 128.1% during the 1st quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock worth $28,000 after buying an additional 41 shares during the period. Guidant Wealth Advisors acquired a new position in shares of Boeing during the 2nd quarter worth about $28,000. Clarfeld Financial Advisors LLC acquired a new position in shares of Boeing during the 4th quarter worth about $40,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of Boeing during the 2nd quarter worth about $40,000. 67.85% of the stock is owned by hedge funds and other institutional investors.
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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