Boeing (NYSE:BA) received a $443.00 price objective from stock analysts at Credit Suisse Group in a research note issued on Thursday. The brokerage currently has a “buy” rating on the aircraft producer’s stock. Credit Suisse Group’s price target suggests a potential upside of 23.36% from the company’s current price.
Other analysts have also issued reports about the stock. Buckingham Research reiterated a “hold” rating and set a $203.00 target price on shares of Boeing in a report on Friday, December 22nd. Jefferies Group reissued a “buy” rating and issued a $339.00 price target on shares of Boeing in a research note on Monday, January 8th. Nord/LB set a $250.00 target price on shares of Boeing and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Wolfe Research raised shares of Boeing from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. Finally, Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $330.00 target price for the company in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Boeing has an average rating of “Buy” and an average target price of $333.66.
Boeing (NYSE BA) traded up $4.75 during trading on Thursday, reaching $359.12. The company had a trading volume of 697,346 shares, compared to its average volume of 5,726,885. Boeing has a fifty-two week low of $160.82 and a fifty-two 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 stock has a market capitalization of $209,850.00, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23.
Boeing announced that its Board of Directors has initiated a stock buyback program on Monday, December 11th that authorizes the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization authorizes the aircraft producer to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
A number of hedge funds have recently modified their holdings of the stock. Wedge Capital Management L L P NC boosted its stake in shares of Boeing by 3.0% during the 4th quarter. Wedge Capital Management L L P NC now owns 222,534 shares of the aircraft producer’s stock worth $65,628,000 after acquiring an additional 6,430 shares during the last quarter. Reik & CO. LLC boosted its stake in shares of Boeing by 15.7% during the 4th quarter. Reik & CO. LLC now owns 2,915 shares of the aircraft producer’s stock worth $860,000 after acquiring an additional 395 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Boeing by 0.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 71,018 shares of the aircraft producer’s stock worth $20,944,000 after acquiring an additional 436 shares during the last quarter. IFC Holdings Incorporated FL boosted its stake in shares of Boeing by 130.0% during the 4th quarter. IFC Holdings Incorporated FL now owns 14,300 shares of the aircraft producer’s stock worth $4,222,000 after acquiring an additional 8,082 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Boeing by 5.4% during the 4th quarter. Mutual of America Capital Management LLC now owns 96,466 shares of the aircraft producer’s stock worth $28,449,000 after acquiring an additional 4,939 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.
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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.
