Boeing Company (The) (BA) Earns Buy Rating from Cowen and Company

Cowen and Company reiterated their buy rating on shares of Boeing Company (The) (NYSE:BA) in a research note issued to investors on Friday. They currently have a $315.00 price target on the aircraft producer’s stock.

Other research analysts have also issued research reports about the stock. Argus reissued a buy rating and issued a $270.00 price target on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Zacks Investment Research lowered shares of Boeing Company (The) from a buy rating to a hold rating in a research report on Friday, August 4th. Vetr lowered shares of Boeing Company (The) from a strong-buy rating to a buy rating and set a $266.88 price target for the company. in a research report on Wednesday, August 16th. Wells Fargo & Company reissued a hold rating and issued a $255.00 price target (up previously from $240.00) on shares of Boeing Company (The) in a research report on Wednesday, September 20th. Finally, Canaccord Genuity reissued a hold rating and issued a $170.00 price target on shares of Boeing Company (The) in a research report on Sunday, July 9th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $241.21.

Boeing Company (NYSE BA) opened at 258.58 on Friday. Boeing Company has a 52 week low of $131.39 and a 52 week high of $259.30. The firm has a market capitalization of $152.84 billion, a P/E ratio of 22.65 and a beta of 1.21. The firm has a 50-day moving average price of $246.17 and a 200-day moving average price of $209.22.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The firm had revenue of $22.74 billion during the quarter, compared to analyst estimates of $22.97 billion. During the same quarter in the prior year, the business posted ($0.44) earnings per share. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. Equities analysts forecast that Boeing Company will post $10.01 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Boeing Company (The) (BA) Earns Buy Rating from Cowen and Company” was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://transcriptdaily.com/2017/10/09/boeing-company-the-ba-earns-buy-rating-from-cowen-and-company.html.

In other Boeing Company (The) news, CFO Gregory D. Smith sold 19,757 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $245.42, for a total value of $4,848,762.94. Following the transaction, the chief financial officer now directly owns 152,195 shares of the company’s stock, valued at $37,351,696.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Thomas J. Downey sold 134 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,468 shares of company stock worth $20,353,814. Insiders own 0.28% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Clear Perspective Advisors LLC boosted its stake in Boeing Company (The) by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after acquiring an additional 135 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after acquiring an additional 402 shares during the last quarter. Vantage Investment Advisors LLC boosted its stake in Boeing Company (The) by 11.1% in the second quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after acquiring an additional 84 shares during the last quarter. MCF Advisors LLC boosted its stake in Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after acquiring an additional 62 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after acquiring an additional 107 shares during the last quarter. 72.17% 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)

Receive News & Ratings for Boeing Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply