Boeing (NYSE:BA) had its price target increased by equities researchers at Sanford C. Bernstein from $402.00 to $422.00 in a note issued to investors on Friday. Sanford C. Bernstein’s target price would suggest a potential upside of 19.65% from the company’s previous close.
BA has been the topic of a number of other research reports. Vetr upgraded Boeing from a “sell” rating to a “hold” rating and set a $288.75 price target on the stock in a research note on Monday, December 11th. Berenberg Bank set a $395.00 price target on Boeing and gave the stock a “buy” rating in a research note on Monday. Cowen restated a “buy” rating and set a $315.00 price target on shares of Boeing in a research note on Thursday, October 26th. Buckingham Research restated a “hold” rating and set a $203.00 price target on shares of Boeing in a research note on Friday, December 22nd. Finally, Nord/LB set a $250.00 price target on Boeing and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $344.94.
Boeing (BA) traded down $4.19 during trading hours on Friday, reaching $352.71. The company had a trading volume of 1,720,000 shares, compared to its average volume of 5,030,000. The stock has a market cap of $210,070.00, a P/E ratio of 26.20, a PEG ratio of 1.97 and a beta of 1.44. The company has a quick ratio of 0.39, a current ratio of 1.16 and a debt-to-equity ratio of 23.74. Boeing has a 12-month low of $160.82 and a 12-month high of $361.45.
Boeing announced that its board has approved a stock repurchase plan on Monday, December 11th that allows the company to repurchase $18.00 billion in shares. This repurchase authorization allows the aircraft producer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several institutional investors and hedge funds have recently bought and sold shares of BA. Aperio Group LLC raised its holdings in Boeing by 4.7% during the fourth quarter. Aperio Group LLC now owns 312,591 shares of the aircraft producer’s stock worth $92,186,000 after purchasing an additional 14,155 shares during the last quarter. Telemus Capital LLC increased its position in Boeing by 75.8% during the fourth quarter. Telemus Capital LLC now owns 5,562 shares of the aircraft producer’s stock worth $1,640,000 after buying an additional 2,398 shares in the last quarter. Cedar Capital LLC increased its position in Boeing by 26.7% during the fourth quarter. Cedar Capital LLC now owns 2,126 shares of the aircraft producer’s stock worth $627,000 after buying an additional 448 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Boeing by 11.2% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,870 shares of the aircraft producer’s stock worth $1,141,000 after buying an additional 389 shares in the last quarter. Finally, Welch Group LLC purchased a new position in Boeing during the fourth quarter worth $120,000. 70.81% of the stock is owned by institutional investors and hedge funds.
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.
