Boeing Company (The) (BA) Rating Increased to B at TheStreet

Boeing Company (The) (NYSE:BA) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued on Wednesday, July 26th.

Several other equities research analysts have also issued reports on the stock. Cowen and Company lifted their price target on shares of Boeing Company (The) from $9.80 to $300.00 in a report on Wednesday, July 26th. Gabelli reaffirmed a “buy” rating on shares of Boeing Company (The) in a report on Friday, April 7th. Berenberg Bank began coverage on shares of Boeing Company (The) in a report on Wednesday, March 29th. They set a “buy” rating and a $202.00 price target on the stock. Vetr raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $183.96 price target on the stock in a report on Wednesday, April 12th. Finally, Deutsche Bank AG lifted their price target on shares of Boeing Company (The) from $205.00 to $210.00 and gave the company a “buy” rating in a report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $228.31.

Boeing Company (NYSE:BA) traded down 0.30% during mid-day trading on Wednesday, hitting $239.50. 4,871,258 shares of the stock traded hands. The stock has a market capitalization of $141.56 billion, a PE ratio of 20.98 and a beta of 1.16. Boeing Company has a one year low of $126.31 and a one year high of $246.49. The company has a 50 day moving average price of $211.74 and a 200-day moving average price of $186.31.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating the consensus estimate of $2.32 by $0.23. The company had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.44) EPS. Equities analysts anticipate that Boeing Company will post $9.95 earnings per share for the current fiscal year.

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In other Boeing Company (The) news, SVP Robert E. Verbeck sold 2,522 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $244.45, for a total transaction of $616,502.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Gregory D. Smith sold 19,757 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the transaction, the chief financial officer now owns 152,195 shares in the company, valued at approximately $37,351,696.90. The disclosure for this sale can be found here. Insiders have sold a total of 83,334 shares of company stock worth $20,321,493 in the last quarter. 0.28% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverpoint Wealth Management Holdings LLC increased its position in Boeing Company (The) by 0.3% in the second quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock valued at $293,000 after buying an additional 4 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in Boeing Company (The) by 0.3% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock valued at $421,000 after buying an additional 6 shares during the last quarter. Accredited Investors Inc. increased its position in Boeing Company (The) by 0.4% in the second quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock valued at $325,000 after buying an additional 6 shares during the last quarter. GWM Advisors LLC increased its position in Boeing Company (The) by 0.6% in the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock valued at $233,000 after buying an additional 8 shares during the last quarter. Finally, Howe & Rusling Inc. increased its stake in shares of Boeing Company (The) by 0.3% in the first quarter. Howe & Rusling Inc. now owns 2,898 shares of the aircraft producer’s stock valued at $512,000 after buying an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 74.47% of the company’s stock.

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.

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

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