Boeing (NYSE:BA) was upgraded by equities researchers at Edward Jones from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Other research analysts have also issued research reports about the company. Sanford C. Bernstein lifted their target price on Boeing from $402.00 to $422.00 in a report on Friday, February 2nd. Argus reiterated a “buy” rating and set a $290.00 price target (up previously from $270.00) on shares of Boeing in a research report on Friday, October 27th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $300.00 price target on shares of Boeing in a research report on Thursday, October 26th. Cowen reiterated a “buy” rating and set a $315.00 price target on shares of Boeing in a research report on Thursday, October 26th. Finally, Jefferies Group lifted their price target on Boeing from $300.00 to $312.00 and gave the company a “buy” rating in a research report on Tuesday, November 21st. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $353.24.

Boeing (BA) traded up $1.52 during mid-day trading on Tuesday, reaching $345.32. The company’s stock had a trading volume of 791,589 shares, compared to its average volume of 6,401,869. The company has a quick ratio of 0.37, a current ratio of 1.16 and a debt-to-equity ratio of 23.74. The stock has a market cap of $204,760.00, a price-to-earnings ratio of 29.44, a PEG ratio of 1.83 and a beta of 1.44. Boeing has a 1-year low of $167.22 and a 1-year high of $361.45.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.91 by $1.89. The business had revenue of $25.37 billion during the quarter, compared to analyst estimates of $24.78 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.47 EPS. sell-side analysts expect that Boeing will post 14.01 EPS for the current fiscal year.

Boeing announced that its Board of Directors has authorized a stock buyback plan on Monday, December 11th that authorizes the company to repurchase $18.00 billion in shares. This repurchase authorization authorizes the aircraft producer to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total value of $12,174,136.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.28% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Lipe & Dalton purchased a new position in shares of Boeing during the third quarter valued at approximately $100,000. Burt Wealth Advisors purchased a new position in shares of Boeing during the third quarter valued at approximately $100,000. Stonehearth Capital Management LLC purchased a new position in shares of Boeing during the fourth quarter valued at approximately $105,000. Solaris Asset Management LLC purchased a new position in shares of Boeing during the fourth quarter valued at approximately $111,000. Finally, Clear Perspective Advisors LLC increased its stake in shares of Boeing by 31.0% during the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after buying an additional 135 shares during the period. 70.45% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Boeing (NYSE:BA)

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