Boeing (NYSE:BA) Given a $440.00 Price Target at Berenberg Bank

Berenberg Bank set a $440.00 price target on Boeing (NYSE:BA) in a report published on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the aircraft producer’s stock.

Several other research firms have also recently issued reports on BA. Zacks Investment Research raised Boeing from a strong sell rating to a hold rating and set a $301.00 price objective on the stock in a research report on Monday, June 10th. Morgan Stanley set a $500.00 price objective on Boeing and gave the company a buy rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. lowered their price objective on Boeing from $430.00 to $425.00 and set an overweight rating on the stock in a research report on Thursday, July 25th. ValuEngine raised Boeing from a hold rating to a buy rating in a research report on Thursday, September 19th. Finally, Jefferies Financial Group lowered their price objective on Boeing from $448.00 to $420.00 and set a buy rating on the stock in a research report on Friday, July 19th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Boeing has an average rating of Hold and a consensus target price of $403.33.

Boeing stock opened at $375.70 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. The company has a market capitalization of $211.41 billion, a P/E ratio of 23.47, a PEG ratio of 11.10 and a beta of 1.25. The stock’s 50 day moving average is $365.32 and its 200 day moving average is $362.42. Boeing has a twelve month low of $292.47 and a twelve month high of $446.01.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, topping the consensus estimate of $1.85 by $1.07. The company had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.05 billion. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The firm’s quarterly revenue was down 35.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.33 EPS. As a group, equities analysts expect that Boeing will post 3.88 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BA. NuWave Investment Management LLC increased its stake in shares of Boeing by 554.5% in the 2nd quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Boeing by 128.1% in the 1st quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock worth $28,000 after purchasing an additional 41 shares in the last quarter. Guidant Wealth Advisors purchased a new stake in shares of Boeing in the 2nd quarter worth $28,000. Transamerica Financial Advisors Inc. purchased a new stake in shares of Boeing in the 2nd quarter worth $40,000. Finally, Next Capital Management LLC purchased a new stake in shares of Boeing in the 2nd quarter worth $42,000. 67.86% of the stock is currently owned by hedge funds and other 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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