Boeing (NYSE:BA) Given a $275.00 Price Target by JPMorgan Chase & Co. Analysts

Boeing (NYSE:BA) received a $275.00 price target from investment analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price target indicates a potential upside of 30.58% from the company’s previous close.

Other research analysts have also issued research reports about the company. Susquehanna cut their price target on Boeing from $300.00 to $267.00 and set a “positive” rating on the stock in a report on Thursday, October 28th. Vertical Research restated a “hold” rating and issued a $250.00 target price on shares of Boeing in a report on Thursday, September 16th. Royal Bank of Canada set a $275.00 target price on Boeing in a report on Monday, November 15th. Susquehanna Bancshares dropped their target price on Boeing from $300.00 to $267.00 and set a “positive” rating on the stock in a report on Thursday, October 28th. Finally, Morgan Stanley restated a “buy” rating and issued a $274.00 target price on shares of Boeing in a report on Friday, October 15th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Boeing has an average rating of “Hold” and a consensus target price of $264.15.

Shares of Boeing stock opened at $210.60 on Wednesday. Boeing has a one year low of $191.85 and a one year high of $278.57. The stock’s 50-day moving average is $218.11 and its 200 day moving average is $226.47. The firm has a market cap of $123.77 billion, a price-to-earnings ratio of -14.27 and a beta of 1.52.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, October 26th. The aircraft producer reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.40). The company had revenue of $15.28 billion during the quarter, compared to the consensus estimate of $16.27 billion. During the same quarter last year, the firm posted ($1.39) EPS. Boeing’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts predict that Boeing will post -1.56 earnings per share for the current fiscal year.

In other news, SVP Edward Lee Dandridge sold 990 shares of Boeing stock in a transaction on Friday, November 5th. The stock was sold at an average price of $221.87, for a total value of $219,651.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Mcdonald Partners LLC lifted its stake in Boeing by 11.9% during the third quarter. Mcdonald Partners LLC now owns 2,122 shares of the aircraft producer’s stock worth $467,000 after purchasing an additional 226 shares during the last quarter. Cambridge Trust Co. lifted its stake in Boeing by 8.0% during the third quarter. Cambridge Trust Co. now owns 963 shares of the aircraft producer’s stock worth $212,000 after purchasing an additional 71 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in Boeing by 14.2% during the third quarter. EP Wealth Advisors LLC now owns 15,420 shares of the aircraft producer’s stock worth $3,391,000 after purchasing an additional 1,922 shares during the last quarter. Coyle Financial Counsel LLC bought a new stake in Boeing during the third quarter worth about $321,000. Finally, Cribstone Capital Management LLC lifted its stake in Boeing by 35.4% during the third quarter. Cribstone Capital Management LLC now owns 5,394 shares of the aircraft producer’s stock worth $1,186,000 after purchasing an additional 1,411 shares during the last quarter. 53.44% of the stock is owned by hedge funds and other institutional investors.

Boeing Company Profile

The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.

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