Boeing (NYSE:BA) had its price target increased by research analysts at Jefferies Financial Group to $410.00 in a note issued to investors on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the aircraft producer’s stock. Jefferies Financial Group’s target price indicates a potential upside of 18.26% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Goldman Sachs Group set a $375.00 target price on shares of Boeing and gave the stock a “neutral” rating in a report on Wednesday, July 25th. Credit Suisse Group reiterated a “buy” rating and issued a $455.00 target price on shares of Boeing in a report on Thursday, July 26th. Berenberg Bank reiterated a “buy” rating and issued a $430.00 target price on shares of Boeing in a report on Monday. UBS Group boosted their target price on shares of Boeing from $325.00 to $357.00 and gave the stock a “neutral” rating in a report on Thursday, July 26th. Finally, Cowen reiterated a “buy” rating and issued a $430.00 target price on shares of Boeing in a report on Friday, July 13th. Seven analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $396.41.
BA stock opened at $346.68 on Thursday. The company has a quick ratio of 0.32, a current ratio of 1.11 and a debt-to-equity ratio of -7.65. The stock has a market capitalization of $196.94 billion, a P/E ratio of 28.79, a PEG ratio of 1.70 and a beta of 1.44. Boeing has a 1-year low of $234.29 and a 1-year high of $374.48.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share for the quarter, missing the consensus estimate of $3.45 by ($0.12). The firm had revenue of $24.26 billion during the quarter, compared to the consensus estimate of $24.02 billion. Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.55 earnings per share. sell-side analysts anticipate that Boeing will post 14.63 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of BA. CSat Investment Advisory L.P. purchased a new stake in Boeing in the 2nd quarter worth approximately $101,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Boeing by 220.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock worth $105,000 after purchasing an additional 220 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in Boeing in the 1st quarter worth approximately $108,000. Advisors Preferred LLC purchased a new stake in Boeing in the 1st quarter worth approximately $111,000. Finally, SWS Partners purchased a new stake in Boeing in the 4th quarter worth approximately $123,000. Hedge funds and other institutional investors own 69.77% of the company’s stock.
Boeing Company Profile
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 in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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