Shares of Boeing Co (NYSE:BA) have been given a consensus rating of “Hold” by the thirty ratings firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $214.67.
Several research firms recently weighed in on BA. Barclays restated a “neutral” rating and issued a $125.00 price objective on shares of Boeing in a report on Friday, May 1st. Credit Suisse Group restated a “neutral” rating and issued a $156.00 price objective on shares of Boeing in a report on Wednesday. Seaport Global Securities began coverage on Boeing in a report on Monday, June 8th. They issued a “buy” rating and a $277.00 price objective for the company. Cfra upgraded Boeing to a “buy” rating in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $158.00 price objective (up from $130.00) on shares of Boeing in a report on Friday, May 1st.
Several hedge funds have recently modified their holdings of the company. Franklin Resources Inc. boosted its position in Boeing by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 2,677,675 shares of the aircraft producer’s stock valued at $872,278,000 after buying an additional 108,300 shares during the last quarter. Vigilare Wealth Management purchased a new stake in Boeing in the fourth quarter valued at approximately $311,000. Capital Wealth Planning LLC boosted its position in Boeing by 4.4% in the fourth quarter. Capital Wealth Planning LLC now owns 200,712 shares of the aircraft producer’s stock valued at $65,384,000 after buying an additional 8,482 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Boeing by 6.1% in the fourth quarter. Sunbelt Securities Inc. now owns 10,207 shares of the aircraft producer’s stock valued at $3,325,000 after buying an additional 590 shares during the last quarter. Finally, Wealth Enhancement & Preservation of GA LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $1,379,000. Institutional investors and hedge funds own 61.66% of the company’s stock.
Boeing (NYSE:BA) last released its earnings results on Wednesday, July 29th. The aircraft producer reported ($4.79) earnings per share for the quarter, missing the consensus estimate of ($2.93) by ($1.86). The business had revenue of $11.81 billion for the quarter, compared to the consensus estimate of $12.95 billion. Boeing had a negative return on equity of 3.08% and a negative net margin of 4.27%. The firm’s revenue for the quarter was down 25.0% compared to the same quarter last year. During the same quarter last year, the business posted ($5.82) earnings per share. On average, research analysts anticipate that Boeing will post -6.26 earnings per share for the current fiscal year.
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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