Boeing Company (The) (NYSE:BA) Earns “Buy” Rating from Argus

Boeing Company (The) (NYSE:BA)‘s stock had its “buy” rating reaffirmed by stock analysts at Argus in a report released on Tuesday, August 1st, Marketbeat Ratings reports. They currently have a $270.00 price target on the aircraft producer’s stock. Argus’ target price indicates a potential upside of 14.95% from the company’s previous close.

Several other analysts also recently weighed in on the company. Vetr upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $183.96 target price for the company in a research note on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $134.00 target price on shares of Boeing Company (The) in a research note on Thursday, April 27th. Zacks Investment Research upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a research report on Tuesday, July 11th. Barclays PLC raised their price objective on Boeing Company (The) from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, May 22nd. Finally, Gabelli reiterated a “buy” rating on shares of Boeing Company (The) in a research report on Friday, April 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $228.31.

Shares of Boeing Company (BA) traded up 0.86% during midday trading on Tuesday, reaching $234.88. 3,461,663 shares of the company traded hands. The stock has a market capitalization of $138.83 billion, a P/E ratio of 20.58 and a beta of 1.16. Boeing Company has a 1-year low of $126.31 and a 1-year high of $246.49. The stock’s 50-day moving average is $217.15 and its 200-day moving average is $189.10.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.23. The company had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The firm’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.44) EPS. Equities analysts predict that Boeing Company will post $9.95 EPS for the current fiscal year.

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In related news, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction dated Monday, August 7th. The stock was 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 SEC, which is available at this link. Also, SVP Robert E. Verbeck sold 2,522 shares of Boeing Company (The) stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $244.45, for a total value of $616,502.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp increased its position in shares of Boeing Company (The) by 100.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 38,289 shares of the aircraft producer’s stock worth $6,772,000 after buying an additional 19,213 shares during the period. American National Bank increased its position in shares of Boeing Company (The) by 30.6% in the first quarter. American National Bank now owns 28,410 shares of the aircraft producer’s stock worth $5,025,000 after buying an additional 6,661 shares during the period. Sonata Capital Group Inc. increased its position in shares of Boeing Company (The) by 0.3% in the first quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock worth $884,000 after buying an additional 16 shares during the period. First Command Financial Services Inc. increased its position in shares of Boeing Company (The) by 2.3% in the first quarter. First Command Financial Services Inc. now owns 5,028 shares of the aircraft producer’s stock worth $889,000 after buying an additional 111 shares during the period. Finally, Checchi Capital Advisers LLC increased its position in shares of Boeing Company (The) by 7.9% in the first quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock worth $1,199,000 after buying an additional 499 shares during the period. 74.47% of the stock is currently owned by hedge funds and other institutional investors.

About Boeing Company (The)

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 Company (The) (NYSE:BA)

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