Boeing (NYSE:BA)‘s stock had its “buy” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a report released on Wednesday.
Several other equities analysts also recently issued reports on BA. Vetr downgraded shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $386.80 price target for the company. in a research note on Thursday, March 8th. Societe Generale set a $373.00 price target on shares of Boeing and gave the company a “neutral” rating in a research note on Thursday, February 1st. Buckingham Research set a $289.00 price target on shares of Boeing and gave the company a “hold” rating in a research note on Thursday, February 8th. Canaccord Genuity reaffirmed a “hold” rating and set a $345.00 price target (up previously from $290.00) on shares of Boeing in a research note on Thursday, February 1st. Finally, ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Ten analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $358.47.
Boeing (NYSE BA) traded down $8.41 during mid-day trading on Wednesday, hitting $330.26. 13,053,559 shares of the stock traded hands, compared to its average volume of 6,280,000. The company has a market capitalization of $194,350.00, a P/E ratio of 28.16, a P/E/G ratio of 1.78 and a beta of 1.37. Boeing has a 12-month low of $173.75 and a 12-month high of $371.60. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37.
Boeing announced that its board has approved a share repurchase program on Monday, December 11th that authorizes the company to repurchase $18.00 billion in shares. This repurchase authorization authorizes the aircraft producer to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.28% of the company’s stock.
A number of large investors have recently bought and sold shares of BA. Arete Wealth Advisors LLC lifted its stake in shares of Boeing by 0.4% in the second quarter. Arete Wealth Advisors LLC now owns 2,404 shares of the aircraft producer’s stock valued at $475,000 after buying an additional 9 shares in the last quarter. High Falls Advisors Inc lifted its stake in shares of Boeing by 0.3% in the second quarter. High Falls Advisors Inc now owns 3,520 shares of the aircraft producer’s stock valued at $696,000 after buying an additional 11 shares in the last quarter. Arcus Capital Partners LLC lifted its stake in shares of Boeing by 0.7% in the second quarter. Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer’s stock valued at $324,000 after buying an additional 12 shares in the last quarter. Strategic Advisors LLC lifted its stake in shares of Boeing by 1.0% in the second quarter. Strategic Advisors LLC now owns 2,021 shares of the aircraft producer’s stock valued at $400,000 after buying an additional 20 shares in the last quarter. Finally, Empirical Financial Services LLC lifted its stake in shares of Boeing by 0.9% in the second quarter. Empirical Financial Services LLC now owns 3,094 shares of the aircraft producer’s stock valued at $612,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 76.55% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece was reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/03/14/jpmorgan-chase-co-reiterates-buy-rating-for-boeing-ba.html.
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.
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.