Boeing (BA) PT Set at $433.00 by Robert W. Baird
Boeing (NYSE:BA) received a $433.00 target price from stock analysts at Robert W. Baird in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the aircraft producer’s stock. Robert W. Baird’s price objective would suggest a potential upside of 26.63% from the stock’s previous close. The analysts noted that the move was a valuation call.
BA has been the subject of several other research reports. Vetr upgraded Boeing from a “sell” rating to a “hold” rating and set a $288.75 price target for the company in a report on Monday, December 11th. Zacks Investment Research downgraded Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Cowen reiterated a “buy” rating and set a $315.00 price target on shares of Boeing in a report on Thursday, October 26th. Buckingham Research reiterated a “hold” rating and set a $203.00 price target on shares of Boeing in a report on Friday, December 22nd. Finally, Nord/LB set a $250.00 price target on Boeing and gave the stock a “neutral” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $304.10.
Shares of Boeing (NYSE BA) traded down $9.08 during trading hours on Tuesday, hitting $341.93. The stock had a trading volume of 7,299,170 shares, compared to its average volume of 5,816,627. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39. Boeing has a one year low of $156.75 and a one year high of $352.23. The firm has a market capitalization of $203,680.00, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The company had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. During the same period in the prior year, the firm earned $3.51 earnings per share. Boeing’s revenue for the quarter was up 1.7% on a year-over-year basis. research analysts anticipate that Boeing will post 10.13 EPS for the current year.
Boeing declared that its board has authorized a stock repurchase program on Monday, December 11th that permits the company to buyback $18.00 billion in shares. This buyback authorization permits the aircraft producer to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Boeing by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock worth $7,991,613,000 after purchasing an additional 407,511 shares in the last quarter. Jennison Associates LLC lifted its holdings in Boeing by 20.3% during the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock worth $1,747,218,000 after purchasing an additional 1,160,859 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Boeing by 7,215.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after purchasing an additional 4,852,679 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Boeing by 13.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock worth $870,618,000 after purchasing an additional 402,240 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Boeing by 3.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,275,519 shares of the aircraft producer’s stock worth $965,756,000 after purchasing an additional 122,278 shares in the last quarter. Institutional investors own 70.87% of the company’s stock.
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Boeing Company Profile
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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