Boeing PT Raised to $138.00 at JPMorgan Chase & Co. (BA)
Analysts at JPMorgan Chase & Co. boosted their target price on shares of Boeing (NYSE:BA) from $135.00 to $138.00 in a research report issued to clients and investors on Thursday, Analyst Ratings Net reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 6.99% from the stock’s previous close.
Boeing (NYSE:BA) traded down 0.03% on Thursday, hitting $128.98. 4,976,759 shares of the company’s stock traded hands. Boeing has a 52 week low of $69.03 and a 52 week high of $111.33. The stock’s 50-day moving average is $105. and its 200-day moving average is $96.94. The company has a market cap of $97.308 billion and a price-to-earnings ratio of 23.59. Boeing also saw unusually large options trading activity on Wednesday. Stock investors acquired 63,991 call options on the stock. This is an increase of approximately 458% compared to the average daily volume of 11,462 call options.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.26. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter last year, the company posted $1.35 earnings per share. Boeing’s revenue was up 10.6% compared to the same quarter last year. Analysts expect that Boeing will post $6.57 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on BA. Analysts at DA Davidson raised their price target on shares of Boeing from $115.00 to $140.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Boeing from $121.00 to $150.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Boeing from $145.00 to $175.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $135.24.
The Boeing Company (NYSE:BA) is an aerospace company.
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