Boeing (NYSE:BA) has been given a $415.00 target price by research analysts at Berenberg Bank in a note issued to investors on Monday. The firm currently has a “buy” rating on the aircraft producer’s stock. Berenberg Bank’s target price suggests a potential upside of 26.19% from the company’s previous close.
BA has been the topic of a number of other research reports. Buckingham Research reiterated a “hold” rating and issued a $203.00 target price on shares of Boeing in a research note on Friday, December 22nd. Jefferies Group reiterated a “buy” rating and issued a $339.00 target price on shares of Boeing in a research note on Monday, January 8th. Credit Suisse Group reiterated an “outperform” rating and issued a $375.00 target price (up previously from $310.00) on shares of Boeing in a research note on Friday, January 12th. They noted that the move was a valuation call. ValuEngine upgraded Boeing from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $330.00 target price on the stock in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $348.18.
Boeing (BA) traded down $20.03 during mid-day trading on Monday, reaching $328.88. The company’s stock had a trading volume of 10,432,580 shares, compared to its average volume of 5,130,000. The company has a debt-to-equity ratio of 23.74, a quick ratio of 0.37 and a current ratio of 1.16. Boeing has a twelve month low of $162.31 and a twelve month high of $361.45. The stock has a market capitalization of $195,870.00, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 1.92 and a beta of 1.44.
Boeing declared that its Board of Directors has approved a stock repurchase plan on Monday, December 11th that permits the company to buyback $18.00 billion in outstanding shares. This buyback authorization permits the aircraft producer to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
Several institutional investors have recently made changes to their positions in the company. Telemus Capital LLC purchased a new position in Boeing in the second quarter valued at about $477,000. Mercer Capital Advisers Inc. purchased a new position in Boeing in the second quarter valued at about $814,000. Anchor Capital Advisors LLC grew its stake in Boeing by 24.7% in the second quarter. Anchor Capital Advisors LLC now owns 4,795 shares of the aircraft producer’s stock valued at $948,000 after purchasing an additional 950 shares during the last quarter. Capital Investment Advisory Services LLC grew its stake in Boeing by 0.5% in the second quarter. Capital Investment Advisory Services LLC now owns 2,096 shares of the aircraft producer’s stock valued at $414,000 after purchasing an additional 10 shares during the last quarter. Finally, ARP Americas LLC grew its stake in Boeing by 72.0% in the second quarter. ARP Americas LLC now owns 3,418 shares of the aircraft producer’s stock valued at $676,000 after purchasing an additional 1,431 shares during the last quarter. Hedge funds and other institutional investors own 70.78% of the company’s stock.
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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.
