The Boeing Company Cut to “Underperform” at Buckingham Research (BA)
The Boeing Company (NYSE:BA) was downgraded by Buckingham Research from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of The Boeing Company in a research note on Tuesday, August 12th. They now have a $127.00 price target on the stock. Separately, 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, August 7th. They now have a “buy” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $150.09.
Shares of The Boeing Company (NYSE:BA) traded down 1.47% during mid-day trading on Tuesday, hitting $124.93. The stock had a trading volume of 2,991,130 shares. The Boeing Company has a one year low of $104.62 and a one year high of $144.57. The stock has a 50-day moving average of $124.7 and a 200-day moving average of $127.9. The company has a market cap of $90.026 billion and a P/E ratio of 19.21.
The Boeing Company (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $2.42 earnings per share (EPS) for the quarter, beating the 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 $8.22 earnings per share for the current fiscal year.
The Boeing Company (NYSE:BA) is an aerospace company.
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