Investors Purchase Large Volume of Boeing Call Options (BA)
Shares of Boeing (NYSE:BA) saw unusually large options trading activity on Monday. Stock investors bought 19,551 call options on the stock, AR Network reports. This represents an increase of approximately 108% compared to the average daily volume of 9,410 call options.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Boeing (NYSE:BA) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $122.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Boeing (NYSE:BA) from $120.00 to $140.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, 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.
Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $119.19.
Boeing (NYSE:BA) traded up 0.75% on Monday, hitting $117.51. 5,450,424 shares of the company’s stock traded hands. Boeing has a 52 week low of $69.18 and a 52 week high of $120.38. The stock’s 50-day moving average is $107.4 and its 200-day moving average is $98.39. The company has a market cap of $88.655 billion and a price-to-earnings ratio of 21.33.
Boeing (NYSE:BA) last issued its quarterly 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. On average, analysts predict that Boeing will post $6.52 earnings per share for the current fiscal year.
The Boeing Company (NYSE:BA) is an aerospace company.
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