Boeing Co. Sets New 1-Year High at $120.66 (BA)
Boeing (NYSE:BA) set a new 52-week high on Wednesday, Analyst Ratings Net reports. The company traded as high as $120.66 and last traded at $120.00, with a volume of 3,146,707 shares. The stock had previously closed at $118.18.
BA has been the subject of a number of recent research reports. Analysts at Canaccord Genuity initiated coverage on shares of Boeing in a research note to investors on Wednesday, October 9th. They set a “buy” rating and a $140.00 price target on the stock. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of Boeing in a research note to investors on Friday, October 4th. They now have a $164.00 price target on the stock. Finally, analysts at CRT Capital raised their price target on shares of Boeing from $123.00 to $142.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $123.52.
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 $113. and a 200-day moving average of $102.6. The company has a market cap of $90.654 billion and a P/E ratio of 21.61.
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. Analysts expect that Boeing will post $6.52 EPS for the current fiscal year.
The Boeing Company (NYSE:BA) is an aerospace company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.