Boeing (NYSE:BA) Upgraded to Hold by Vetr

Boeing (NYSE:BA) was upgraded by equities research analysts at Vetr from a “sell” rating to a “hold” rating in a report issued on Monday, November 13th. The brokerage presently has a $266.64 price objective on the aircraft producer’s stock. Vetr‘s target price points to a potential downside of 1.75% from the company’s previous close.

Several other research firms also recently issued reports on BA. Credit Suisse Group reaffirmed an “outperform” rating and set a $310.00 price objective (up from $300.00) on shares of Boeing in a report on Tuesday, October 24th. Morgan Stanley raised their price target on shares of Boeing from $260.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. Cowen reissued a “buy” rating and issued a $315.00 price target on shares of Boeing in a research note on Thursday, October 26th. J P Morgan Chase & Co reissued a “buy” rating and issued a $300.00 price target on shares of Boeing in a research note on Thursday, October 26th. Finally, Argus reissued a “buy” rating and issued a $290.00 price target (up from $270.00) on shares of Boeing in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $257.81.

Boeing (NYSE BA) opened at $271.38 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. The stock has a market cap of $164,856.13, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. Boeing has a twelve month low of $150.02 and a twelve month high of $278.73.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The business had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $3.51 earnings per share. equities research analysts predict that Boeing will post 10.1 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC grew its holdings in Boeing by 7,215.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after acquiring an additional 4,852,679 shares in the last quarter. Harbour Capital Advisors LLC lifted its position in shares of Boeing by 18,613.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock worth $6,787,000 after buying an additional 1,334,957 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Boeing by 20.3% during the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock worth $1,747,218,000 after buying an additional 1,160,859 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Boeing by 66.5% during the 1st quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock worth $464,732,000 after buying an additional 1,049,546 shares during the last quarter. Finally, Koch Industries Inc. lifted its position in shares of Boeing by 61,128.7% during the 2nd quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock worth $846,000 after buying an additional 848,467 shares during the last quarter. Hedge funds and other institutional investors own 70.77% of the company’s stock.

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Boeing 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 (NYSE:BA)

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