Boeing (BA) Receives Fair Value Rating from Argus

Boeing (NYSE:BA)‘s stock had its “fair value” rating restated by investment analysts at Argus in a note issued to investors on Thursday. They presently have a $395.00 price objective on the aircraft producer’s stock. Argus’ target price would suggest a potential upside of 9.95% from the company’s previous close.

BA has been the subject of several other reports. Cowen restated a “buy” rating and issued a $430.00 price objective on shares of Boeing in a research note on Wednesday, July 25th. UBS Group raised their price objective on Boeing from $325.00 to $357.00 and gave the stock a “neutral” rating in a research note on Thursday, July 26th. Goldman Sachs Group set a $387.00 price objective on Boeing and gave the stock a “neutral” rating in a research note on Wednesday. Berenberg Bank restated a “buy” rating and issued a $430.00 price objective on shares of Boeing in a research note on Monday, September 3rd. Finally, Credit Suisse Group restated a “buy” rating and issued a $455.00 price objective on shares of Boeing in a research note on Thursday, July 26th. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Boeing has a consensus rating of “Buy” and a consensus price target of $410.21.

Shares of NYSE BA opened at $359.27 on Thursday. The company has a debt-to-equity ratio of 8.07, a current ratio of 1.10 and a quick ratio of 0.32. The stock has a market capitalization of $206.58 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 1.76 and a beta of 1.40. Boeing has a fifty-two week low of $255.33 and a fifty-two week high of $394.28.



Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.11. The business had revenue of $25.15 billion during the quarter, compared to the consensus estimate of $23.84 billion. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $2.72 earnings per share. On average, equities analysts anticipate that Boeing will post 15.07 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Hudock Capital Group LLC grew its holdings in Boeing by 3.4% in the second quarter. Hudock Capital Group LLC now owns 4,341 shares of the aircraft producer’s stock valued at $1,456,000 after purchasing an additional 144 shares during the period. Cliftonlarsonallen Wealth Advisors LLC boosted its stake in shares of Boeing by 0.5% in the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 30,349 shares of the aircraft producer’s stock worth $10,182,000 after acquiring an additional 146 shares during the last quarter. TNB Financial boosted its stake in shares of Boeing by 1.6% in the second quarter. TNB Financial now owns 9,397 shares of the aircraft producer’s stock worth $3,153,000 after acquiring an additional 149 shares during the last quarter. Elite Wealth Management Inc. boosted its stake in shares of Boeing by 17.8% in the first quarter. Elite Wealth Management Inc. now owns 993 shares of the aircraft producer’s stock worth $326,000 after acquiring an additional 150 shares during the last quarter. Finally, Bourne Lent Asset Management Inc. boosted its stake in shares of Boeing by 9.5% in the second quarter. Bourne Lent Asset Management Inc. now owns 1,728 shares of the aircraft producer’s stock worth $580,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 69.71% of the company’s stock.

Boeing Company Profile

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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Analyst Recommendations for Boeing (NYSE:BA)

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