Boeing Receives “Buy” Rating from TheStreet (BA)
Boeing (NYSE:BA)‘s stock had its “buy” rating reaffirmed by research analysts at TheStreet in a report released on Monday, Analyst Ratings.Net reports.
The analysts wrote, “Boeing (BA) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.”
Shares of Boeing (NYSE:BA) opened at 125.79 on Monday. Boeing has a 52 week low of $74.25 and a 52 week high of $144.57. The stock’s 50-day moving average is $137.3 and its 200-day moving average is $122.8. The company has a market cap of $94.013 billion and a P/E ratio of 21.02.
Boeing (NYSE:BA) last released its earnings data 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 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 $7.42 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on BA. Analysts at Barclays cut their price target on shares of Boeing from $160.00 to $147.00 in a research note to investors on Monday. Separately, analysts at Canaccord Genuity reiterated an “outperform” rating on shares of Boeing in a research note to investors on Thursday. They now have a $164.00 price target on the stock, up previously from $160.00. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Boeing from $162.00 to $165.00 in a research note to investors on Thursday. Seven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Boeing presently has an average rating of “Buy” and an average price target of $141.54.
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.