Boeing Stock Rating Lowered by Buckingham Research (BA)
Boeing (NYSE:BA) was downgraded by stock analysts at Buckingham Research from a “buy” rating to a “neutral” rating in a report issued on Monday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale raised their price target on shares of Boeing to $135.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Boeing from $126.00 to $140.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Boeing from $120.00 to $140.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $135.21.
Boeing (NYSE:BA) opened at 131.19 on Monday. 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 $98.583 billion and a price-to-earnings ratio of 23.31.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.80 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Boeing will post $6.71 earnings per share for the current fiscal year.
The Boeing Company (NYSE:BA) is an aerospace company.
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