Goldman Sachs Group Inc. Lowers Boeing Price Target to $155.00 (BA)
Goldman Sachs Group Inc. dropped their price target on shares of Boeing (NYSE:BA) from $166.00 to $155.00 in a research note issued on Thursday, AmericanBankingNews.com reports. Goldman Sachs Group Inc.’s price objective would indicate a potential upside of 19.43% from the company’s current price.
BA has been the subject of a number of other recent research reports. 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. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Boeing in a research note to investors on Monday, January 13th. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of Boeing in a research note to investors on Monday, January 6th. They now have a $137.00 price target on the stock, up previously from $134.00. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $141.46.
Shares of 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 52-week low of $73.76 and a 52-week 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 some unusual options trading activity on Wednesday. Stock traders bought 28,801 call options on the company. This represents an increase of 143% compared to the average volume of 11,839 call options.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.28 earnings per share. The company’s revenue for the quarter 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 declared a quarterly dividend, which is scheduled for Friday, March 7th. Shareholders of record on Friday, February 14th will be given a dividend of 0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, February 12th. This is a positive change from Boeing’s previous quarterly dividend of $0.49.
The Boeing Company (NYSE:BA) is an aerospace company.
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