Canaccord Genuity Reaffirms “Hold” Rating for Boeing Company (The) (BA)

Canaccord Genuity reissued their hold rating on shares of Boeing Company (The) (NYSE:BA) in a research note issued to investors on Thursday. They currently have a $235.00 price target on the aircraft producer’s stock.

Several other analysts have also issued reports on the company. Zacks Investment Research raised Boeing Company (The) from a hold rating to a buy rating and set a $228.00 target price on the stock in a report on Tuesday, July 11th. ValuEngine raised Boeing Company (The) from a hold rating to a buy rating in a research note on Friday, September 1st. Cowen and Company reaffirmed an outperform rating and issued a $300.00 price objective (up from $255.00) on shares of Boeing Company (The) in a research note on Monday, July 24th. Credit Suisse Group reaffirmed a hold rating on shares of Boeing Company (The) in a research note on Wednesday, July 19th. Finally, Vetr lowered Boeing Company (The) from a hold rating to a sell rating and set a $223.75 price objective on the stock. in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $241.21.

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

Boeing Company (The) (NYSE:BA) last released its 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 for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. Boeing Company (The)’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.44) EPS. Analysts anticipate that Boeing Company will post $10.01 earnings per share for the current fiscal year.

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In other Boeing Company (The) news, SVP Robert E. Verbeck sold 2,522 shares of Boeing Company (The) stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $244.45, for a total value of $616,502.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Heidi B. Capozzi sold 4,217 shares of Boeing Company (The) stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total value of $1,018,447.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,468 shares of company stock valued at $20,353,814. 0.28% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Clear Perspective Advisors LLC increased its holdings 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 worth $113,000 after purchasing an additional 135 shares in the last quarter. Proficio Capital Partners LLC increased its holdings 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 worth $115,000 after purchasing an additional 402 shares in the last quarter. CWH Capital Management Inc. bought a new stake in Boeing Company (The) in the second quarter worth approximately $134,000. Catamount Wealth Management bought a new stake in Boeing Company (The) in the second quarter worth approximately $138,000. Finally, MCF Advisors LLC increased its holdings in Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 72.17% of the company’s stock.

Boeing Company (The) Company Profile

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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