Boeing (BA) PT Raised to $400.00

Boeing (NYSE:BA) had its target price raised by equities research analysts at Jefferies Group from $27.00 to $400.00 in a research note issued on Monday. The brokerage currently has a “buy” rating on the aircraft producer’s stock. Jefferies Group’s target price suggests a potential upside of 21.62% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Royal Bank of Canada set a $290.00 target price on Boeing and gave the stock a “hold” rating in a research report on Wednesday, November 15th. JPMorgan Chase & Co. set a $325.00 target price on Boeing and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Buckingham Research set a $203.00 target price on Boeing and gave the stock a “hold” rating in a research report on Thursday, December 28th. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $289.00 target price for the company in a research report on Tuesday, October 10th. Finally, ValuEngine lowered Boeing from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. One 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 stock has a consensus rating of “Buy” and a consensus price target of $348.18.

Boeing (NYSE:BA) traded down $20.03 on Monday, hitting $328.88. The stock had a trading volume of 10,510,000 shares, compared to its average volume of 5,130,000. The company has a current ratio of 1.16, a quick ratio of 0.37 and a debt-to-equity ratio of 23.74. The stock has a market cap of $195,870.00, a price-to-earnings ratio of 24.43, a PEG ratio of 1.92 and a beta of 1.44. Boeing has a 12-month low of $162.31 and a 12-month high of $361.45.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The business had revenue of $25.37 billion during the quarter, compared to analyst estimates of $24.78 billion. During the same quarter in the previous year, the firm earned $2.47 EPS. Boeing’s revenue was up 8.9% on a year-over-year basis. equities analysts anticipate that Boeing will post 14 EPS for the current fiscal year.

Boeing declared that its Board of Directors has initiated a share buyback plan on Monday, December 11th that authorizes the company to buyback $18.00 billion in shares. This buyback authorization authorizes the aircraft producer to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Several large investors have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its stake in Boeing by 7,215.0% in the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after purchasing an additional 4,852,679 shares during the period. Jennison Associates LLC boosted its stake in Boeing by 20.3% in the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock worth $1,747,218,000 after purchasing an additional 1,160,859 shares during the period. Koch Industries Inc. boosted its stake in Boeing by 61,128.7% in the 2nd quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock worth $846,000 after purchasing an additional 848,467 shares during the period. Stifel Financial Corp boosted its stake in Boeing by 19,958.0% in the 3rd quarter. Stifel Financial Corp now owns 833,410 shares of the aircraft producer’s stock worth $212,108,000 after purchasing an additional 829,255 shares during the period. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in Boeing by 28,537.7% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 782,669 shares of the aircraft producer’s stock worth $198,962,000 after purchasing an additional 779,936 shares during the period. Institutional investors own 70.78% 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.