Boeing Co (NYSE:BA) Receives $404.47 Consensus Price Target from Analysts

Boeing Co (NYSE:BA) has been given an average rating of “Hold” by the twenty-seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $403.33.

A number of research firms have recently issued reports on BA. Zacks Investment Research raised shares of Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 price target on the stock in a research note on Monday, June 10th. Robert W. Baird reissued an “outperform” rating and issued a $445.00 price target (down from $470.00) on shares of Boeing in a research note on Wednesday. They noted that the move was a valuation call. Buckingham Research set a $395.00 price target on shares of Boeing and gave the company a “hold” rating in a research note on Friday, September 27th. Wolfe Research downgraded shares of Boeing from an “outperform” rating to a “peer perform” rating and reduced their price target for the company from $404.00 to $393.00 in a research note on Thursday, July 25th. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $375.00 price target on shares of Boeing in a research note on Friday, July 12th.

A number of institutional investors and hedge funds have recently made changes to their positions in BA. CX Institutional grew its holdings in Boeing by 86.8% during the 1st quarter. CX Institutional now owns 426 shares of the aircraft producer’s stock worth $162,000 after acquiring an additional 198 shares in the last quarter. West Oak Capital LLC grew its holdings in Boeing by 7.8% during the 1st quarter. West Oak Capital LLC now owns 2,149 shares of the aircraft producer’s stock worth $820,000 after acquiring an additional 155 shares in the last quarter. Private Asset Management Inc. grew its holdings in Boeing by 64.8% during the 1st quarter. Private Asset Management Inc. now owns 2,199 shares of the aircraft producer’s stock worth $839,000 after acquiring an additional 865 shares in the last quarter. Orrstown Financial Services Inc. acquired a new position in Boeing during the 1st quarter worth approximately $551,000. Finally, Clarus Wealth Advisors grew its holdings in Boeing by 16.8% during the 1st quarter. Clarus Wealth Advisors now owns 1,017 shares of the aircraft producer’s stock worth $388,000 after acquiring an additional 146 shares in the last quarter. 67.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Boeing stock traded up $3.63 on Wednesday, reaching $375.70. The company had a trading volume of 1,959,132 shares, compared to its average volume of 3,902,974. The firm’s 50 day moving average price is $365.32 and its two-hundred day moving average price is $362.42. The firm has a market cap of $211.41 billion, a PE ratio of 23.47, a PEG ratio of 11.10 and a beta of 1.25. Boeing has a 52-week low of $292.47 and a 52-week high of $446.01. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.03.

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

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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