Boeing (BA) Given a $336.00 Price Target by Goldman Sachs Analysts

Goldman Sachs set a $336.00 target price on Boeing (NYSE:BA) in a research report report published on Wednesday morning. The firm currently has a neutral rating on the aircraft producer’s stock.

A number of other equities research analysts have also recently issued reports on BA. Royal Bank of Canada reiterated a hold rating and set a $358.00 price objective (down previously from $378.00) on shares of Boeing in a research note on Friday, April 6th. Vetr cut Boeing from a strong-buy rating to a buy rating and set a $368.72 price objective on the stock. in a research note on Tuesday, April 10th. Societe Generale set a $373.00 price objective on Boeing and gave the stock a neutral rating in a research note on Thursday, February 1st. JPMorgan Chase reiterated a buy rating and set a $400.00 price objective on shares of Boeing in a research note on Friday, April 13th. Finally, Buckingham Research set a $289.00 price objective on Boeing and gave the stock a hold rating in a research note on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $368.15.

NYSE BA traded down $1.08 during trading on Wednesday, hitting $341.78. The stock had a trading volume of 2,475,481 shares, compared to its average volume of 5,911,199. The stock has a market capitalization of $193,648.61, a price-to-earnings ratio of 28.39, a PEG ratio of 1.70 and a beta of 1.39. 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 has a 12 month low of $175.47 and a 12 month high of $371.60.



Boeing (NYSE:BA) last released its earnings results on Wednesday, April 25th. The aircraft producer reported $3.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.59 by $1.05. The firm had revenue of $23.38 billion for the quarter, compared to analysts’ expectations of $22.22 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.01 EPS. equities research analysts forecast that Boeing will post 14.07 EPS for the current year.

In related news, CFO Gregory D. Smith sold 36,079 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total value of $12,174,136.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.24% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. High Falls Advisors Inc grew its holdings in Boeing by 0.3% in the 2nd quarter. High Falls Advisors Inc now owns 3,520 shares of the aircraft producer’s stock valued at $696,000 after buying an additional 11 shares in the last quarter. Arcus Capital Partners LLC grew its holdings in Boeing by 0.7% in the 2nd quarter. Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer’s stock valued at $324,000 after buying an additional 12 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Boeing by 2.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,670 shares of the aircraft producer’s stock valued at $284,000 after buying an additional 45 shares in the last quarter. North Star Asset Management Inc. grew its holdings in Boeing by 0.7% in the 2nd quarter. North Star Asset Management Inc. now owns 7,585 shares of the aircraft producer’s stock valued at $1,500,000 after buying an additional 50 shares in the last quarter. Finally, Ropes Wealth Advisors LLC grew its holdings in Boeing by 0.7% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 8,493 shares of the aircraft producer’s stock valued at $1,679,000 after buying an additional 55 shares in the last quarter. 70.78% of the stock is currently owned by hedge funds and other institutional investors.

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About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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