Boeing Company (The) (NYSE:BA) was downgraded by investment analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued on Wednesday. They currently have a $223.75 target price on the aircraft producer’s stock. Vetr‘s price target would indicate a potential downside of 4.16% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. Royal Bank Of Canada raised their price target on Boeing Company (The) from $138.00 to $146.00 and gave the stock an “underperform” rating in a research note on Thursday, April 27th. Canaccord Genuity raised their price target on Boeing Company (The) from $162.00 to $170.00 and gave the stock a “hold” rating in a research note on Tuesday, April 18th. Cowen and Company raised their price target on Boeing Company (The) from $9.80 to $300.00 in a research note on Wednesday. Zacks Investment Research raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $236.00 price objective on the stock in a report on Friday, July 21st. Finally, Credit Suisse Group reissued a “hold” rating on shares of Boeing Company (The) in a report on Wednesday, July 19th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. Boeing Company (The) currently has a consensus rating of “Hold” and a consensus price target of $190.21.
Boeing Company (BA) traded up 9.88% during mid-day trading on Wednesday, reaching $233.45. 14,139,955 shares of the company’s stock were exchanged. The company has a market capitalization of $140.91 billion, a P/E ratio of 28.75 and a beta of 1.12. The company’s 50 day moving average price is $201.99 and its 200-day moving average price is $182.61. Boeing Company has a 52 week low of $126.31 and a 52 week high of $233.98.
Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a return on equity of 495.68% and a net margin of 5.52%. The company had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. During the same period last year, the business earned ($0.44) EPS. The business’s quarterly revenue was down 8.1% on a year-over-year basis. On average, equities research analysts expect that Boeing Company will post $9.39 earnings per share for the current fiscal year.
In related news, SVP Timothy John Keating sold 32,500 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $184.51, for a total transaction of $5,996,575.00. Following the completion of the transaction, the senior vice president now owns 107,437 shares in the company, valued at approximately $19,823,200.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Bertrand Marc Allen sold 15,470 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $183.62, for a total value of $2,840,601.40. Following the transaction, the senior vice president now owns 43,801 shares of the company’s stock, valued at approximately $8,042,739.62. The disclosure for this sale can be found here. Insiders have sold a total of 63,403 shares of company stock valued at $11,666,138 in the last 90 days. 0.28% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of BA. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Boeing Company (The) during the fourth quarter worth about $109,000. Proficio Capital Partners LLC increased its position in shares of Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after buying an additional 402 shares during the last quarter. MCF Advisors LLC increased its position in shares of Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after buying an additional 62 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after buying an additional 107 shares during the last quarter. Finally, Gemmer Asset Management LLC increased its position in shares of Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock worth $159,000 after buying an additional 302 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.
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.
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