Canaccord Genuity Increases Boeing Company (The) (BA) Price Target to $245.00

Boeing Company (The) (NYSE:BA) had its price target lifted by analysts at Canaccord Genuity from $235.00 to $245.00 in a research report issued to clients and investors on Wednesday. The firm presently has a “hold” rating on the aircraft producer’s stock. Canaccord Genuity’s target price indicates a potential downside of 5.42% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Argus reissued a “buy” rating and issued a $270.00 target price on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Zacks Investment Research cut Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Vetr cut Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 target price on the stock. in a research report on Wednesday, August 16th. Wells Fargo & Company reissued a “hold” rating and issued a $255.00 target price (up from $240.00) on shares of Boeing Company (The) in a research report on Wednesday, September 20th. Finally, Vertical Research reissued a “hold” rating and issued a $242.00 target price (up from $187.00) on shares of Boeing Company (The) in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $241.19.

Boeing Company (NYSE:BA) opened at 259.04 on Wednesday. The stock has a market capitalization of $153.11 billion, a P/E ratio of 22.69 and a beta of 1.21. The company has a 50 day moving average of $251.85 and a 200-day moving average of $214.57. Boeing Company has a one year low of $133.33 and a one year high of $263.79.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating the consensus estimate of $2.32 by $0.23. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The company had revenue of $22.74 billion for the quarter, compared to analysts’ expectations of $22.97 billion. During the same period last year, the firm posted ($0.44) earnings per share. Boeing Company (The)’s revenue was down 8.1% compared to the same quarter last year. Equities research analysts predict that Boeing Company will post $10.04 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Canaccord Genuity Increases Boeing Company (The) (BA) Price Target to $245.00” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/20/canaccord-genuity-increases-boeing-company-the-ba-price-target-to-245-00.html.

In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $241.20, for a total value of $32,320.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of Boeing Company (The) stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $243.46, for a total value of $13,837,779.48. Following the completion of the sale, the chairman now directly owns 127,778 shares in the company, valued at approximately $31,108,831.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,468 shares of company stock worth $20,353,814. Corporate insiders own 0.28% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in BA. Sonata Capital Group Inc. boosted its holdings in shares of Boeing Company (The) by 0.3% in the 1st quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock worth $884,000 after purchasing an additional 16 shares during the period. Investment Partners Ltd. OH ADV boosted its holdings in shares of Boeing Company (The) by 1.1% in the 1st quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock worth $1,274,000 after purchasing an additional 79 shares during the period. Checchi Capital Advisers LLC boosted its holdings in shares of Boeing Company (The) by 7.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock worth $1,199,000 after purchasing an additional 499 shares during the period. Harbour Capital Advisors LLC boosted its holdings in shares of Boeing Company (The) by 0.3% in the 1st quarter. Harbour Capital Advisors LLC now owns 7,172 shares of the aircraft producer’s stock worth $1,268,000 after purchasing an additional 25 shares during the per

Several other research analysts have also recently issued reports on the company. Argus reissued a “buy” rating and issued a $270.00 target price on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Zacks Investment Research cut Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Vetr cut Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 target price on the stock. in a research report on Wednesday, August 16th. Wells Fargo & Company reissued a “hold” rating and issued a $255.00 target price (up from $240.00) on shares of Boeing Company (The) in a research report on Wednesday, September 20th. Finally, Vertical Research reissued a “hold” rating and issued a $242.00 target price (up from $187.00) on shares of Boeing Company (The) in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $241.19.

Boeing Company (NYSE:BA) opened at 259.04 on Wednesday. The stock has a market capitalization of $153.11 billion, a P/E ratio of 22.69 and a beta of 1.21. The company has a 50 day moving average of $251.85 and a 200-day moving average of $214.57. Boeing Company has a one year low of $133.33 and a one year high of $263.79.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating the consensus estimate of $2.32 by $0.23. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The company had revenue of $22.74 billion for the quarter, compared to analysts’ expectations of $22.97 billion. During the same period last year, the firm posted ($0.44) earnings per share. Boeing Company (The)’s revenue was down 8.1% compared to the same quarter last year. Equities research analysts predict that Boeing Company will post $10.04 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Canaccord Genuity Increases Boeing Company (The) (BA) Price Target to $245.00” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/20/canaccord-genuity-increases-boeing-company-the-ba-price-target-to-245-00.html.

In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $241.20, for a total value of $32,320.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of Boeing Company (The) stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $243.46, for a total value of $13,837,779.48. Following the completion of the sale, the chairman now directly owns 127,778 shares in the company, valued at approximately $31,108,831.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,468 shares of company stock worth $20,353,814. Corporate insiders own 0.28% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in BA. Sonata Capital Group Inc. boosted its holdings in shares of Boeing Company (The) by 0.3% in the 1st quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock worth $884,000 after purchasing an additional 16 shares during the period. Investment Partners Ltd. OH ADV boosted its holdings in shares of Boeing Company (The) by 1.1% in the 1st quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock worth $1,274,000 after purchasing an additional 79 shares during the period. Checchi Capital Advisers LLC boosted its holdings in shares of Boeing Company (The) by 7.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock worth $1,199,000 after purchasing an additional 499 shares during the period. Harbour Capital Advisors LLC boosted its holdings in shares of Boeing Company (The) by 0.3% in the 1st quarter. Harbour Capital Advisors LLC now owns 7,172 shares of the aircraft producer’s stock worth $1,268,000 after purchasing an additional 25 shares during the period. Finally, Cypress Asset Management Inc. TX boosted its holdings in shares of Boeing Company (The) by 178.6% in the 2nd quarter. Cypress Asset Management Inc. TX now owns 6,544 shares of the aircraft producer’s stock worth $1,294,000 after purchasing an additional 4,195 shares during the period. 72.14% of the stock is currently owned by institutional investors and hedge funds.

About Boeing Company (The)

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.

Analyst Recommendations for Boeing Company (The) (NYSE:BA)

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