The Boeing Company Stock Rating Reaffirmed by Zacks (BA)
The Boeing Company (NYSE:BA)‘s stock had its “neutral” rating reiterated by Zacks in a report released on Thursday, AnalystRatingsNetwork.com reports. They currently have a $137.00 price target on the stock. Zacks‘s price objective would suggest a potential upside of 5.50% from the company’s current price.
Zacks’ analyst wrote, “We are maintaining our recommendation on Boeing at Neutral following its first quarter earnings release. The company’s top and bottom lines were above expectations. Boeing once again started the year on an impressive note, delivering strong first quarter 2014 results backed by robust deliveries. Sequestration and budget cuts notwithstanding, its defense segment maintained a solid performance and continue to win substantial defense orders. Boeing’s strong balance sheet and cash flows provide financial flexibility for incremental dividend, ongoing share repurchases and earnings accretive acquisitions. Nevertheless, this defense giant faces the risk of U.S. defense budget cuts, the uncertain fate of high-cost programs, risks related to key project executions and order cancellations.”
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee reiterated a “buy” rating on shares of The Boeing Company in a research note on Thursday. They now have a $164.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of The Boeing Company from $138.00 to $145.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of The Boeing Company from $165.00 to $162.00 in a research note on Thursday, April 17th. They now have an “overweight” rating on the stock. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $144.64.
The Boeing Company (NYSE:BA) traded down 0.59% on Thursday, hitting $129.86. The stock had a trading volume of 4,177,695 shares. The Boeing Company has a one year low of $90.72 and a one year high of $144.57. The stock has a 50-day moving average of $125.5 and a 200-day moving average of $130.0. The company has a market cap of $96.538 billion and a price-to-earnings ratio of 21.92. The Boeing Company also was the target of some unusual options trading on Tuesday. Stock investors bought 19,489 call options on the company. This is an increase of approximately 103% compared to the average volume of 9,606 call options.
The Boeing Company (NYSE:BA) last announced its earnings results on Wednesday, April 23rd. The company reported $1.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.56 by $0.20. The company had revenue of $20.47 billion for the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter last year, the company posted $1.73 earnings per share. The Boeing Company’s revenue was up 8.3% compared to the same quarter last year. On average, analysts predict that The Boeing Company will post $7.38 earnings per share for the current fiscal year.
The Boeing Company (NYSE:BA) is an aerospace company.
To view Zacks’ full report, visit Zacks’ official website.
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.