Boeing (NYSE:BA) has been given a $203.00 target price by analysts at Buckingham Research in a research note issued on Thursday. The firm currently has a “hold” rating on the aircraft producer’s stock. Buckingham Research’s price target would suggest a potential downside of 31.50% from the company’s current price.
Other analysts have also issued reports about the company. Jefferies Group reiterated a “buy” rating and set a $275.00 price objective on shares of Boeing in a report on Saturday, September 16th. Deutsche Bank increased their price objective on Boeing to $300.00 and gave the stock a “buy” rating in a report on Thursday, September 14th. Vetr lowered Boeing from a “strong-buy” rating to a “buy” rating and set a $269.69 price objective for the company. in a report on Wednesday, September 13th. Cowen reiterated a “buy” rating and set a $300.00 price objective on shares of Boeing in a report on Tuesday, September 12th. Finally, ValuEngine upgraded Boeing from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $272.81.
Boeing (NYSE BA) traded up $0.73 on Thursday, hitting $296.35. The stock had a trading volume of 1,436,700 shares, compared to its average volume of 3,290,064. The stock has a market capitalization of $176,064.91, a price-to-earnings ratio of 27.24, a P/E/G ratio of 2.25 and a beta of 1.24. Boeing has a one year low of $154.96 and a one year high of $299.33. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39.
Boeing announced that its board has authorized a share repurchase program on Monday, December 11th that permits the company to buyback $18.00 billion in outstanding shares. This buyback authorization permits the aircraft producer to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
Hedge funds have recently added to or reduced their stakes in the stock. Lipe & Dalton bought a new position in Boeing during the third quarter worth about $100,000. Burt Wealth Advisors bought a new position in Boeing during the third quarter worth about $100,000. Clear Perspective Advisors LLC lifted its stake in Boeing by 31.0% during the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after purchasing an additional 135 shares during the period. Vantage Investment Advisors LLC lifted its stake in Boeing by 11.1% during the second quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock worth $123,000 after purchasing an additional 84 shares during the period. Finally, CWH Capital Management Inc. bought a new position in Boeing during the second quarter worth about $134,000. 70.84% of the stock is currently owned by institutional investors and hedge funds.
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About Boeing
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
