Boeing (NYSE:BA) PT Set at $367.00 by Barclays

Boeing (NYSE:BA) has been assigned a $367.00 price objective by stock analysts at Barclays in a research report issued to clients and investors on Tuesday, TipRanks reports. The firm currently has a “hold” rating on the aircraft producer’s stock. Barclays‘s price objective suggests a potential downside of 4.16% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Wolfe Research cut shares of Boeing from an “outperform” rating to a “peer perform” rating and cut their price objective for the stock from $404.00 to $393.00 in a research report on Thursday, July 25th. Citigroup set a $430.00 target price on Boeing and gave the company a “buy” rating in a research report on Monday, July 15th. Credit Suisse Group reaffirmed a “buy” rating and issued a $425.00 target price on shares of Boeing in a research report on Thursday, July 25th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $375.00 price target on shares of Boeing in a research note on Friday, July 12th. Finally, Morgan Stanley set a $500.00 price target on Boeing and gave the stock a “buy” rating in a report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. Boeing has an average rating of “Hold” and a consensus price target of $402.65.

Shares of NYSE:BA traded up $13.45 during mid-day trading on Tuesday, hitting $382.94. The company had a trading volume of 8,405,711 shares, compared to its average volume of 5,601,433. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.03 and a quick ratio of 0.29. Boeing has a one year low of $292.47 and a one year high of $446.01. The firm has a fifty day moving average price of $347.54 and a 200 day moving average price of $366.44. The company has a market capitalization of $201.89 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 10.62 and a beta of 1.25.



Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $1.07. The business had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. Boeing’s revenue was down 35.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.33 earnings per share. Research analysts expect that Boeing will post 4.09 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Thoroughbred Financial Services LLC grew its holdings in Boeing by 36,928.2% during the second quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock worth $623,555,000 after buying an additional 6,218,711 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Boeing by 1,774.6% during the second quarter. Nuveen Asset Management LLC now owns 4,149,922 shares of the aircraft producer’s stock worth $1,510,613,000 after purchasing an additional 3,928,546 shares during the last quarter. Viking Global Investors LP purchased a new position in Boeing during the second quarter worth about $1,010,899,000. Price T Rowe Associates Inc. MD grew its position in Boeing by 7.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 35,740,551 shares of the aircraft producer’s stock worth $13,009,918,000 after purchasing an additional 2,607,364 shares in the last quarter. Finally, FMR LLC grew its position in Boeing by 26.5% in the 1st quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock worth $4,211,577,000 after purchasing an additional 2,311,630 shares in the last quarter. 67.98% of the stock is currently owned by institutional investors.

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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