Boeing Given New $165.00 Price Target at JPMorgan Chase & Co. (BA)
Stock analysts at JPMorgan Chase & Co. increased their price objective on shares of Boeing (NYSE:BA) from $162.00 to $165.00 in a report issued on Thursday, Analyst RN reports. JPMorgan Chase & Co.’s price target would indicate a potential upside of 27.14% from the company’s current price.
Boeing (NYSE:BA) traded down 2.50% during mid-day trading on Thursday, hitting $126.53. The stock had a trading volume of 10,419,713 shares. Boeing has a 1-year low of $73.76 and a 1-year high of $144.57. The stock has a 50-day moving average of $138.0 and a 200-day moving average of $122.. The company has a market cap of $95.081 billion and a P/E ratio of 23.06. Boeing also was the recipient of unusually large options trading on Wednesday. Stock investors bought 28,801 call options on the stock. This represents an increase of 143% compared to the typical volume of 11,839 call options.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $1.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.57 by $0.31. The company had revenue of $23.80 billion for the quarter, compared to the consensus estimate of $22.74 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts predict that Boeing will post $6.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 7th. Stockholders of record on Friday, February 14th will be paid a dividend of 0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Wednesday, February 12th. This is a boost from Boeing’s previous quarterly dividend of $0.49.
A number of other analysts have also recently weighed in on BA. Analysts at Goldman Sachs Group Inc. cut their price target on shares of Boeing from $166.00 to $155.00 in a research note to investors on Thursday. Separately, analysts at Canaccord Genuity raised their price target on shares of Boeing from $150.00 to $160.00 in a research note to investors on Thursday, January 23rd. They now have a “buy” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Boeing in a research note to investors on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $141.46.
The Boeing Company (NYSE:BA) is an aerospace company.
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