Boeing Co. (BA) Raised to Hold at Vetr Inc.
Boeing Co. (NYSE:BA) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday. The firm presently has a $129.80 price target on the aircraft producer’s stock. Vetr‘s price target would indicate a potential downside of 2.77% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Canaccord Genuity lifted their price target on Boeing from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, March 28th. Zacks Investment Research upgraded Boeing from a “sell” rating to a “hold” rating in a research report on Tuesday, March 29th. Deutsche Bank AG reiterated a “buy” rating and issued a $160.00 price target on shares of Boeing in a research report on Thursday, March 31st. Gabelli reiterated a “buy” rating on shares of Boeing in a research report on Thursday, April 7th. Finally, Sterne Agee CRT reiterated a “buy” rating and issued a $196.00 price target on shares of Boeing in a research report on Saturday, April 9th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $147.94.
Boeing (NYSE:BA) traded up 0.09% during trading on Monday, reaching $133.50. The company’s stock had a trading volume of 2,317,429 shares. The company has a market cap of $83.28 billion, a PE ratio of 24.03 and a beta of 1.03. Boeing has a 52-week low of $102.10 and a 52-week high of $150.59. The stock has a 50-day moving average price of $131.37 and a 200 day moving average price of $131.19.
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Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.92) by $0.48. The firm had revenue of $24.80 million for the quarter, compared to analyst estimates of $23.22 million. Boeing had a return on equity of 82.66% and a net margin of 3.84%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $1.62 earnings per share. On average, analysts expect that Boeing will post $6.29 EPS for the current year.
In related news, SVP Diana L. Sands sold 14,151 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $133.06, for a total value of $1,882,932.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Randall L. Stephenson purchased 1,871 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was bought at an average price of $133.89 per share, for a total transaction of $250,508.19. Following the purchase, the director now directly owns 3,721 shares in the company, valued at $498,204.69. The disclosure for this purchase can be found here. 0.58% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the company. Capital World Investors increased its stake in Boeing by 8.8% in the second quarter. Capital World Investors now owns 47,676,799 shares of the aircraft producer’s stock valued at $6,191,786,000 after buying an additional 3,866,637 shares during the last quarter. Capital Research Global Investors increased its stake in Boeing by 15.8% in the second quarter. Capital Research Global Investors now owns 19,728,620 shares of the aircraft producer’s stock valued at $2,562,156,000 after buying an additional 2,690,120 shares during the last quarter. Bank of Montreal Can bought a new stake in Boeing during the second quarter valued at $316,346,000. Franklin Resources Inc. increased its stake in Boeing by 67.9% in the first quarter. Franklin Resources Inc. now owns 4,906,313 shares of the aircraft producer’s stock valued at $622,808,000 after buying an additional 1,984,650 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Boeing by 26.0% in the second quarter. Ameriprise Financial Inc. now owns 3,214,195 shares of the aircraft producer’s stock valued at $417,213,000 after buying an additional 663,424 shares during the last quarter. Institutional investors own 75.45% of the company’s stock.
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
To view Vetr’s full report, visit Vetr’s official website.
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