Boeing Sees Unusually Large Options Volume (BA)
Boeing (NYSE:BA) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 26,377 call options on the company, American Banking and Market News reports. This represents an increase of approximately 154% compared to the typical volume of 10,365 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, September 19th. 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’s stock. Boeing presently has an average rating of “Buy” and an average price target of $119.19.
Shares of Boeing (NYSE:BA) traded up 1.27% on Tuesday, hitting $119.00. The stock had a trading volume of 5,005,994 shares. Boeing has a 1-year low of $69.18 and a 1-year high of $120.38. The stock’s 50-day moving average is $107.7 and its 200-day moving average is $98.93. The company has a market cap of $89.779 billion and a price-to-earnings ratio of 21.49.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.67 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.27 earnings per share. Boeing’s revenue was up 9.0% compared to the same quarter last year. 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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