Boeing Company (The) (BA) Downgraded by ValuEngine to Hold
ValuEngine cut shares of Boeing Company (The) (NYSE:BA) from a buy rating to a hold rating in a research note published on Monday.
Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Boeing Company (The) from a hold rating to a buy rating and set a $228.00 price objective on the stock in a report on Tuesday, July 11th. Canaccord Genuity restated a hold rating and set a $235.00 target price (up previously from $215.00) on shares of Boeing Company (The) in a report on Sunday, September 17th. Cowen and Company restated an outperform rating and set a $300.00 target price (up previously from $255.00) on shares of Boeing Company (The) in a report on Monday, July 24th. Credit Suisse Group reaffirmed a hold rating on shares of Boeing Company (The) in a research report on Wednesday, July 19th. Finally, Vetr downgraded shares of Boeing Company (The) from a hold rating to a sell rating and set a $223.75 target price for the company. in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $241.32.
Shares of Boeing Company (BA) opened at 255.99 on Monday. Boeing Company has a one year low of $131.39 and a one year high of $259.30. The company has a 50-day moving average of $243.91 and a 200-day moving average of $207.40. The company has a market capitalization of $151.31 billion, a PE ratio of 22.43 and a beta of 1.21.
Boeing Company (The) (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The business had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. During the same period last year, the company earned ($0.44) earnings per share. Boeing Company (The)’s quarterly revenue was down 8.1% on a year-over-year basis. On average, analysts anticipate that Boeing Company will post $10.02 earnings per share for the current year.
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In other news, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Heidi B. Capozzi sold 4,217 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total value of $1,018,447.67. The disclosure for this sale can be found here. Insiders have sold 83,468 shares of company stock worth $20,353,814 over the last ninety days. Insiders own 0.28% of the company’s stock.
A number of large investors have recently modified their holdings of BA. Intl Fcstone Inc. bought a new position in Boeing Company (The) during the 2nd quarter worth $1,933,000. M Holdings Securities Inc. raised its holdings in Boeing Company (The) by 62.7% in the 2nd quarter. M Holdings Securities Inc. now owns 3,381 shares of the aircraft producer’s stock valued at $669,000 after acquiring an additional 1,303 shares in the last quarter. Griffin Asset Management Inc. acquired a new position in Boeing Company (The) in the 2nd quarter valued at $6,198,000. Gs Investments Inc. acquired a new position in Boeing Company (The) in the 2nd quarter valued at $2,408,000. Finally, Lord Abbett & CO. LLC acquired a new position in Boeing Company (The) in the 2nd quarter valued at $17,402,000. 72.17% of the stock is currently owned by institutional investors and hedge funds.
Boeing Company (The) 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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