Traders Purchase Large Volume of Boeing Put Options (BA)
Shares of Boeing (NYSE:BA) saw some unusual options trading activity on Wednesday. Investors purchased 10,980 put options on the stock, Analyst Ratings.Net reports. This is an increase of approximately 118% compared to the typical volume of 5,046 put options.
A number of analysts have recently weighed in on BA shares. Analysts at Sterne Agee raised their price target on shares of Boeing (NYSE:BA) from $120.00 to $164.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at CRT Capital raised their price target on shares of Boeing (NYSE:BA) from $105.00 to $123.00 in a research note to investors on Friday, August 23rd. They now have a “buy” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Boeing (NYSE:BA) in a research note to investors on Wednesday, August 21st.
Four equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Boeing has a consensus rating of “Buy” and a consensus target price of $118.00.
Shares of Boeing (NYSE:BA) traded up 1.10% on Wednesday, hitting $118.40. The stock had a trading volume of 6,331,906 shares. Boeing has a 52 week low of $69.03 and a 52 week high of $117.48. The stock has a 50-day moving average of $106.4 and a 200-day moving average of $97.6. The company has a market cap of $89.326 billion and a P/E ratio of 21.41.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.67 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts expect that Boeing will post $6.52 EPS for the current fiscal year.
The Boeing Company (NYSE:BA) is an aerospace company.
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