Boeing (NYSE:BA) has been given a $373.00 target price by stock analysts at Morgan Stanley in a report released on Thursday. The firm presently has a “hold” rating on the aircraft producer’s stock. Morgan Stanley’s price target points to a potential upside of 16.20% from the company’s previous close.
BA has been the topic of several other research reports. Buckingham Research set a $289.00 target price on Boeing and gave the company a “hold” rating in a research report on Thursday, February 8th. 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 report on Tuesday, January 2nd. Canaccord Genuity restated a “hold” rating and set a $345.00 target price (up previously from $290.00) on shares of Boeing in a research report on Thursday, February 1st. Robert W. Baird set a $433.00 target price on Boeing and gave the company a “buy” rating in a research report on Tuesday, January 16th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. set a $325.00 target price on Boeing and gave the company a “buy” rating in a research report on Tuesday, December 12th. Ten analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Boeing currently has a consensus rating of “Buy” and an average price target of $358.47.
Shares of Boeing stock opened at $321.00 on Thursday. The firm has a market capitalization of $198,380.08, a PE ratio of 23.83, a PEG ratio of 1.75 and a beta of 1.37. 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 has a one year low of $173.75 and a one year high of $371.60.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, beating the consensus estimate of $2.91 by $1.89. The company had revenue of $25.37 billion during the quarter, compared to analysts’ expectations of $24.78 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.47 earnings per share. sell-side analysts expect that Boeing will post 14.05 EPS for the current year.
Boeing declared that its Board of Directors has initiated a stock repurchase program on Monday, December 11th that permits the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization permits the aircraft producer to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
In other news, CFO Gregory D. Smith sold 36,079 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total value of $12,174,136.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.28% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of BA. Janus Henderson Group PLC increased its position in shares of Boeing by 7,215.0% during the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after acquiring an additional 4,852,679 shares during the last quarter. Jennison Associates LLC increased its position in shares of Boeing by 20.3% during the third quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock valued at $1,747,218,000 after acquiring an additional 1,160,859 shares during the last quarter. Koch Industries Inc. increased its position in shares of Boeing by 61,128.7% during the second quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock valued at $846,000 after acquiring an additional 848,467 shares during the last quarter. Stifel Financial Corp increased its position in shares of Boeing by 19,958.0% during the third quarter. Stifel Financial Corp now owns 833,410 shares of the aircraft producer’s stock valued at $212,108,000 after acquiring an additional 829,255 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its position in shares of Boeing by 28,537.7% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 782,669 shares of the aircraft producer’s stock valued at $198,962,000 after acquiring an additional 779,936 shares during the last quarter. Institutional investors own 70.75% of the company’s stock.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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