Boeing Price Target Raised to $140.00 at Stifel Nicolaus (BA)
Research analysts at Stifel Nicolaus upped their target price on shares of Boeing (NYSE:BA) from $120.00 to $140.00 in a report released on Monday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 20.04% from the stock’s previous close.
Boeing (NYSE:BA) opened at 116.63 on Monday. Boeing has a 52-week low of $69.18 and a 52-week high of $120.38. The stock has a 50-day moving average of $107.4 and a 200-day moving average of $98.39. The company has a market cap of $87.991 billion and a P/E ratio of 21.33.
Boeing (NYSE:BA) last announced its earnings results 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. On average, analysts predict that Boeing will post $6.52 earnings per share for the current fiscal year.
BA has been the subject of a number of other recent research reports. Analysts at Cowen and Company raised their price target on shares of Boeing (NYSE:BA) from $131.00 to $140.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Oppenheimer reiterated an “outperform” rating on shares of Boeing (NYSE:BA) in a research note to investors on Thursday. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Boeing (NYSE:BA) in a research note to investors on Thursday.
Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $119.52.
The Boeing Company (NYSE:BA) is an aerospace company.
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