Boeing (BA) Rating Reiterated by Seaport Global Securities

Boeing (NYSE:BA)‘s stock had its “buy” rating reiterated by equities research analysts at Seaport Global Securities in a report released on Thursday, January 18th. They presently have a $430.00 target price on the aircraft producer’s stock. Seaport Global Securities’ price objective points to a potential upside of 29.20% from the stock’s previous close. Seaport Global Securities also issued estimates for Boeing’s Q4 2017 earnings at $3.00 EPS and FY2017 earnings at $10.28 EPS.

Several other research firms have also recently commented on BA. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $330.00 price target for the company in a research note on Tuesday, January 2nd. Robert W. Baird set a $433.00 price objective on Boeing and gave the stock a “buy” rating in a report on Tuesday, January 16th. They noted that the move was a valuation call. Canaccord Genuity raised their target price on Boeing from $245.00 to $250.00 and gave the company a “hold” rating in a report on Thursday, October 26th. JPMorgan Chase & Co. set a $325.00 target price on Boeing and gave the company a “buy” rating in a report on Tuesday, December 12th. Finally, Vetr lowered Boeing from a “hold” rating to a “sell” rating and set a $253.54 price objective for the company. in a research note on Thursday, October 12th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $353.24.

Shares of Boeing (NYSE:BA) traded up $3.17 during trading on Thursday, hitting $332.83. The stock had a trading volume of 8,812,106 shares, compared to its average volume of 6,280,000. Boeing has a 1-year low of $164.47 and a 1-year high of $361.45. The firm has a market capitalization of $198,230.00, a P/E ratio of 24.73, a PEG ratio of 1.83 and a beta of 1.44. The company has a debt-to-equity ratio of 23.74, a quick ratio of 0.37 and a current ratio of 1.16.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The firm had revenue of $25.37 billion during the quarter, compared to the consensus estimate of $24.78 billion. During the same period in the prior year, the company posted $2.47 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. analysts forecast that Boeing will post 14.01 EPS for the current year.

Boeing declared that its board has authorized a stock repurchase program on Monday, December 11th that allows the company to buyback $18.00 billion in shares. This buyback authorization allows the aircraft producer to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Stonehearth Capital Management LLC bought a new position in shares of Boeing in the 4th quarter valued at about $105,000. Solaris Asset Management LLC acquired a new stake in Boeing in the 4th quarter valued at about $111,000. Lipe & Dalton acquired a new stake in Boeing in the 3rd quarter valued at about $100,000. Burt Wealth Advisors acquired a new stake in Boeing in the 3rd quarter valued at about $100,000. Finally, Welch Group LLC acquired a new stake in Boeing in the 4th quarter valued at about $120,000. 70.78% of the stock is owned by institutional investors and hedge funds.

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About Boeing

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 (NYSE:BA)

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