Traders Purchase High Volume of The Boeing Company Put Options (BA)
The Boeing Company (NYSE:BA) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 23,225 put options on the stock, American Banking & Market News reports. This is an increase of 260% compared to the average daily volume of 6,445 put options.
Several analysts have recently commented on the stock. Analysts at RBC Capital downgraded shares of The Boeing Company from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, June 11th. They now have a $145.00 price target on the stock, up previously from $137.25. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Boeing Company in a research note on Friday, June 6th. They now have a $144.00 price target on the stock. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of The Boeing Company in a research note on Monday, June 2nd. They now have a $164.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $152.32.
The Boeing Company (NYSE:BA) traded down 1.62% during mid-day trading on Wednesday, hitting $127.06. The stock had a trading volume of 7,928,946 shares. The Boeing Company has a 52 week low of $98.18 and a 52 week high of $144.57. The stock has a 50-day moving average of $133.0 and a 200-day moving average of $131.1. The company has a market cap of $92.655 billion and a P/E ratio of 22.26.
The Boeing Company (NYSE:BA) last released its earnings data 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 in the previous year, the company posted $1.73 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts predict that The Boeing Company will post $7.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Friday, August 8th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, August 6th.
The Boeing Company (NYSE:BA), is an aerospace company.
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