The Boeing Company (NYSE:BA – Get Rating) has been given a consensus rating of “Hold” by the twenty-three research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $229.50.
BA has been the topic of several recent research reports. Robert W. Baird decreased their price objective on Boeing from $306.00 to $245.00 in a report on Thursday, April 28th. Wells Fargo & Company decreased their price objective on Boeing from $250.00 to $214.00 in a report on Thursday, April 28th. Morgan Stanley decreased their price objective on Boeing from $288.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, April 8th. Benchmark decreased their price objective on Boeing from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, April 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on Boeing from $235.00 to $190.00 in a report on Thursday, April 28th.
In other Boeing news, Director Lawrence W. Kellner bought 5,000 shares of Boeing stock in a transaction on Monday, February 14th. The shares were acquired at an average price of $208.91 per share, for a total transaction of $1,044,550.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.11% of the company’s stock.
BA stock opened at $148.90 on Monday. Boeing has a 1-year low of $143.38 and a 1-year high of $258.40. The company has a market capitalization of $88.09 billion, a price-to-earnings ratio of -18.00, a PEG ratio of 98.56 and a beta of 1.47. The business has a 50 day simple moving average of $178.58 and a two-hundred day simple moving average of $198.23.
Boeing (NYSE:BA – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The aircraft producer reported ($2.75) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($2.48). The business had revenue of $13.99 billion during the quarter, compared to analyst estimates of $15.90 billion. During the same period last year, the firm earned ($1.53) EPS. Boeing’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, equities analysts predict that Boeing will post 0.38 EPS for the current fiscal year.
About Boeing (Get Rating)
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 through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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