Boeing (NYSE:BA) has been given a $395.00 price target by equities researchers at Berenberg Bank in a report released on Monday, MarketBeat reports. The brokerage presently has a “buy” rating on the aircraft producer’s stock. Berenberg Bank’s price objective suggests a potential upside of 15.90% from the stock’s previous close.
Several other analysts also recently commented on BA. ValuEngine downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Seaport Global Securities reaffirmed a “buy” rating and set a $430.00 price objective on shares of Boeing in a research note on Thursday, January 18th. Cowen reiterated an “outperform” rating and set a $415.00 target price (up previously from $320.00) on shares of Boeing in a report on Tuesday, January 16th. Vetr upgraded Boeing from a “strong sell” rating to a “sell” rating and set a $303.48 target price for the company in a report on Tuesday, January 16th. Finally, Wolfe Research upgraded Boeing from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $315.52.
Shares of Boeing (NYSE BA) traded down $2.40 during trading on Monday, reaching $340.82. The company had a trading volume of 3,323,043 shares, compared to its average volume of 4,800,000. The firm has a market cap of $202,990.00, a P/E ratio of 31.35, a PEG ratio of 2.19 and a beta of 1.23. Boeing has a twelve month low of $160.82 and a twelve month high of $352.23. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39.
Several hedge funds and other institutional investors have recently made changes to their positions in BA. Lipe & Dalton bought a new position in shares of Boeing in the 3rd quarter valued at about $100,000. Burt Wealth Advisors bought a new position in shares of Boeing in the 3rd quarter valued at about $100,000. Stonehearth Capital Management LLC bought a new position in shares of Boeing in the 4th quarter valued at about $105,000. Solaris Asset Management LLC bought a new position in shares of Boeing in the 4th quarter valued at about $111,000. Finally, Clear Perspective Advisors LLC grew its holdings in shares of Boeing by 31.0% in the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after acquiring an additional 135 shares in the last quarter. Institutional investors own 70.81% 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.
