Boeing’s Neutral Rating Reaffirmed at UBS AG (BA)
Boeing (NYSE:BA)‘s stock had its “neutral” rating reaffirmed by analysts at UBS AG in a research report issued to clients and investors on Tuesday, Stock Ratings Network.com reports.
The analysts wrote, “We are tracking movements of Boeing’s modified 747 ‘Dreamlifter’ fleet to gauge the progress of 787 production. Specifically, we are monitoring Dreamlifter flights into Snohomish County Paine Field Airport, adjacent to 787 production, to gauge the pace of shipments from the structural suppliers. 787 structural components are delivered via the Dreamlifter fleet to Boeing in Everett, WA for final assembly. We are also monitoring arrivals into Charleston for the second production line. We tracked nine Dreamlifter flights into Everett from the major structural suppliers during 1H August, higher from recent months, but lower than levels early in the year. We also tracked eight arrivals into Charleston to support Boeing’s second line, on pace for a new monthly high. We tracked six flights from Wichita (forward fuselage) into Everett and Charleston combined, and did not track any arrivals from Japan (wings) into Everett as compared to Boeing’s assembly rate at 7/month.”
Shares of Boeing (NYSE:BA) traded up 0.05% during mid-day trading on Tuesday, hitting $105.53. 2,481,846 shares of the company’s stock traded hands. Boeing has a 52-week low of $69.03 and a 52-week high of $109.49. The stock’s 50-day moving average is $105.4 and its 200-day moving average is $93.86. The company has a market cap of $79.616 billion and a P/E ratio of 19.29.
Boeing (NYSE:BA) last released its earnings data on Wednesday, July 24th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.13. The company had revenue of $21.80 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts expect that Boeing will post $6.52 EPS for the current fiscal year.
A number of other firms have also recently commented on BA. Analysts at Sterne Agee reiterated a “buy” rating on shares of Boeing in a research note to investors on Monday, August 19th. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Boeing in a research note to investors on Monday, August 19th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Boeing in a research note to investors on Friday, August 16th.
Four analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Boeing has a consensus rating of “Buy” and a consensus price target of $115.81.
In other Boeing news, CEO Raymond Conner sold 15,287 shares of the company’s stock on the open market in a transaction that occured on Tuesday, August 13th. The stock was sold at an average price of $105.41, for a total value of $1,611,402.67. Following the transaction, the chief executive officer now directly owns 80,125 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
The Boeing Company (NYSE:BA) is an aerospace company.
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