Boeing (NYSE:BA) received a $363.00 price objective from equities research analysts at Royal Bank of Canada in a note issued to investors on Wednesday. The firm currently has a “neutral” rating on the aircraft producer’s stock. Royal Bank of Canada’s target price indicates a potential upside of 1.75% from the company’s previous close.
Several other equities research analysts have also commented on BA. Cowen restated a “buy” rating and set a $415.00 target price on shares of Boeing in a research report on Wednesday. Vetr upgraded Boeing from a “strong sell” rating to a “sell” rating and set a $303.48 target price on the stock in a research report on Tuesday, January 16th. Berenberg Bank set a $395.00 target price on Boeing and gave the company a “buy” rating in a research report on Monday. Seaport Global Securities restated a “buy” rating and set a $430.00 target price on shares of Boeing in a research report on Thursday, January 18th. Finally, Canaccord Genuity upped their target price on Boeing from $245.00 to $250.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $315.52.
Shares of Boeing (NYSE:BA) traded up $19.04 during trading on Wednesday, hitting $356.75. The company had a trading volume of 5,808,421 shares, compared to its average volume of 4,780,000. Boeing has a 52 week low of $160.82 and a 52 week high of $360.97. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. The company has a market cap of $212,420.00, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23.
A number of hedge funds have recently bought and sold shares of BA. Stonehearth Capital Management LLC bought a new position in Boeing during the fourth quarter valued at $105,000. Solaris Asset Management LLC bought a new position in shares of Boeing in the fourth quarter worth $111,000. Lipe & Dalton bought a new position in shares of Boeing in the third quarter worth $100,000. Burt Wealth Advisors bought a new position in shares of Boeing in the third quarter worth $100,000. Finally, Cerebellum GP LLC bought a new position in shares of Boeing in the fourth quarter worth $128,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.
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Boeing Company Profile
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.
