Boeing Company (The) (BA) Cut to “Hold” at Vetr Inc.

Vetr lowered shares of Boeing Company (The) (NYSE:BA) from a buy rating to a hold rating in a research report released on Friday, October 6th. Vetr currently has $267.03 price target on the aircraft producer’s stock.

A number of other research firms also recently weighed in on BA. Jefferies Group LLC boosted their target price on Boeing Company (The) from $275.00 to $300.00 and gave the stock a buy rating in a research report on Friday, September 22nd. Cowen and Company reiterated a buy rating and issued a $315.00 price objective (up previously from $300.00) on shares of Boeing Company (The) in a report on Friday, September 22nd. ValuEngine downgraded Boeing Company (The) from a buy rating to a hold rating in a report on Monday, October 2nd. Zacks Investment Research upgraded Boeing Company (The) from a hold rating to a buy rating and set a $286.00 price objective for the company in a report on Thursday, September 21st. Finally, Wells Fargo & Company reiterated a hold rating and issued a $255.00 price objective (up previously from $240.00) on shares of Boeing Company (The) in a report on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $240.77.

Boeing Company (The) (NYSE:BA) last released its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.23. The company had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.44) earnings per share.

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In other Boeing Company (The) news, SVP Heidi B. Capozzi sold 4,217 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total value of $1,018,447.67. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Gregory D. Smith sold 19,757 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $245.42, for a total value of $4,848,762.94. Following the completion of the sale, the chief financial officer now directly owns 152,195 shares in the company, valued at approximately $37,351,696.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,468 shares of company stock worth $20,353,814. Corporate insiders own 0.28% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Sonata Capital Group Inc. boosted its holdings in shares of Boeing Company (The) by 0.3% during the 1st quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock valued at $884,000 after acquiring an additional 16 shares in the last quarter. Investment Partners Ltd. OH ADV boosted its holdings in shares of Boeing Company (The) by 1.1% during the 1st quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock valued at $1,274,000 after acquiring an additional 79 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Boeing Company (The) by 7.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock valued at $1,199,000 after acquiring an additional 499 shares in the last quarter. Hudock Capital Group LLC boosted its holdings in shares of Boeing Company (The) by 438.2% during the 1st quarter. Hudock Capital Group LLC now owns 8,289 shares of the aircraft producer’s stock valued at $1,466,000 after acquiring an additional 6,749 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its holdings in shares of Boeing Company (The) by 0.3% during the 1st quarter. Harbour Capital Advisors LLC now owns 7,172 shares of the aircraft producer’s stock valued at $1,268,000 after acquiring an additional 25 shares in the last quarter. 72.14% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Company (The) 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Boeing Company (The) (NYSE:BA)

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