The Boeing Company Assigned “A” Credit Rating (BA)
The Boeing Company (NYSE:BA) has earned an “A” credit rating from Morningstar. The agency’s “A” rating indicates that the company is a low default risk. They also issued a neutral credit outlook for the company and gave their stock a three star rating.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of The Boeing Company from $11.00 to $134.00 in a research note on Tuesday. Separately, analysts at Buckingham Research downgraded shares of The Boeing Company from a “neutral” rating to an “underperform” rating in a research note on Tuesday. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $150.09.
The Boeing Company (NYSE:BA) opened at 125.48 on Wednesday. The Boeing Company has a 1-year low of $104.62 and a 1-year high of $144.57. The stock has a 50-day moving average of $124.5 and a 200-day moving average of $127.8. The company has a market cap of $90.423 billion and a P/E ratio of 19.21.
The Boeing Company (NYSE:BA) last announced its 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 last year, the company posted $1.67 earnings per share. The Boeing Company’s revenue was up 1.1% compared to the same quarter last year. Analysts expect that The Boeing Company will post $8.22 EPS for the current fiscal year.
The Boeing Company (NYSE:BA) is an aerospace company.
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