Boeing Given New $136.00 Price Target at Buckingham Research (BA)
Investment analysts at Buckingham Research increased their price objective on shares of Boeing (NYSE:BA) from $122.00 to $136.00 in a note issued to investors on Wednesday, American Banking and Market News reports. Buckingham Research’s target price would suggest a potential upside of 15.50% from the company’s current price.
A number of other analysts have also recently weighed in on BA. Analysts at Sanford C. Bernstein raised their price target on shares of Boeing (NYSE:BA) from $127.00 to $146.00 in a research note to investors on Thursday, September 26th. They now have an “outperform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Boeing (NYSE:BA) in a research note to investors on Wednesday, September 25th. They now have a $142.00 price target on the stock, up previously from $122.00. Finally, 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, September 23rd. They now have a $122.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $122.77.
Shares of Boeing (NYSE:BA) traded down 1.15% during mid-day trading on Wednesday, hitting $116.40. The stock had a trading volume of 778,696 shares. Boeing has a 52-week low of $69.30 and a 52-week high of $120.38. The stock has a 50-day moving average of $109.8 and a 200-day moving average of $100.4. The company has a market cap of $87.817 billion and a P/E ratio of 21.53.
Boeing (NYSE:BA) last announced its 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. On average, analysts predict that Boeing will post $6.51 earnings per share for the current fiscal year.
The Boeing Company (NYSE:BA) is an aerospace company.
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