Boeing Company (The) (NYSE:BA)‘s stock had its “hold” rating reissued by equities researchers at Credit Suisse Group in a research report issued on Wednesday, July 19th.
Other equities research analysts also recently issued reports about the stock. Vetr raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $183.96 price target for the company in a research note on Wednesday, April 12th. Deutsche Bank AG upped their target price on shares of Boeing Company (The) from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Gabelli reaffirmed a “buy” rating on shares of Boeing Company (The) in a research note on Friday, April 7th. Berenberg Bank began coverage on shares of Boeing Company (The) in a research report on Wednesday, March 29th. They set a “buy” rating and a $202.00 price objective for the company. Finally, Jefferies Group LLC reissued a “buy” rating and set a $200.00 price objective on shares of Boeing Company (The) in a research report on Thursday, March 23rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $228.87.
Boeing Company (NYSE:BA) traded down 0.66% during midday trading on Wednesday, reaching $237.59. The company’s stock had a trading volume of 3,012,660 shares. The firm’s 50-day moving average price is $220.37 and its 200-day moving average price is $190.81. Boeing Company has a 52 week low of $126.31 and a 52 week high of $246.49. The stock has a market capitalization of $140.44 billion, a PE ratio of 20.82 and a beta of 1.16.
Boeing Company (The) (NYSE:BA) last announced its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The company had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. During the same period in the prior year, the business earned ($0.44) earnings per share. Boeing Company (The)’s quarterly revenue was down 8.1% on a year-over-year basis. On average, analysts anticipate that Boeing Company will post $9.95 earnings per share for the current year.
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In other news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. North Star Asset Management Inc. raised its stake in shares of Boeing Company (The) by 0.7% in the second quarter. North Star Asset Management Inc. now owns 7,585 shares of the aircraft producer’s stock worth $1,500,000 after buying an additional 50 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in Boeing Company (The) during the second quarter worth about $196,000. Cambridge Financial Group Inc. purchased a new position in Boeing Company (The) during the second quarter worth about $6,165,000. GWM Advisors LLC increased its position in Boeing Company (The) by 404.2% in the second quarter. GWM Advisors LLC now owns 6,676 shares of the aircraft producer’s stock worth $1,362,000 after buying an additional 5,352 shares during the period. Finally, Cullen Capital Management LLC increased its position in Boeing Company (The) by 1.8% in the second quarter. Cullen Capital Management LLC now owns 280,620 shares of the aircraft producer’s stock worth $55,493,000 after buying an additional 5,030 shares during the period. 74.44% of the stock is owned by institutional investors.
About Boeing Company (The)
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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