The Boeing Company Given Consensus Rating of “Buy” by Brokerages (NYSE:BA)
The Boeing Company (NYSE:BA) has received an average rating of “Buy” from the twenty-five analysts that are presently covering the stock, American Banking News.com reports. Nine equities research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $150.78.
A number of research firms have recently commented on BA. Analysts at CRT Capital raised their price target on shares of The Boeing Company from $165.00 to $169.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Boeing Company in a research note on Thursday, July 24th. They now have a $168.00 price target on the stock, up previously from $167.00. Finally, analysts at ING Group downgraded shares of The Boeing Company from a “buy” rating to a “neutral” rating in a research note on Thursday, July 24th. They now have a $140.00 price target on the stock, down previously from $154.00.
The Boeing Company (NYSE:BA) opened at 120.63 on Tuesday. The Boeing Company has a 52-week low of $101.77 and a 52-week high of $144.57. The stock’s 50-day moving average is $125.8 and its 200-day moving average is $128.5. The company has a market cap of $86.928 billion and a P/E ratio of 18.15. The Boeing Company also saw some unusual options trading activity on Thursday. Traders bought 25,575 put options on the company. This is an increase of 146% compared to the average daily volume of 10,405 put options.
The Boeing Company (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $2.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.98 by $0.44. The company had revenue of $22.05 billion for the quarter, compared to the consensus estimate of $22.47 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that The Boeing Company will post $8.24 earnings per share for the current fiscal year.
The Boeing Company (NYSE:BA) is an aerospace company.
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