Argus Reiterates Buy Rating for Boeing Company (The) (NYSE:BA)

Boeing Company (The) (NYSE:BA)‘s stock had its “buy” rating restated by research analysts at Argus in a research report issued to clients and investors on Tuesday, August 1st, Marketbeat.com reports. They presently have a $270.00 price target on the aircraft producer’s stock. Argus’ target price would suggest a potential upside of 14.52% from the stock’s current price.

BA has been the topic of a number of other research reports. Vetr downgraded Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price target on the stock. in a research report on Wednesday, July 26th. Zacks Investment Research downgraded Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Credit Suisse Group upgraded Boeing Company (The) from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $200.00 to $300.00 in a report on Thursday, July 27th. ValuEngine upgraded Boeing Company (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG boosted their price objective on Boeing Company (The) from $225.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $230.62.

Shares of Boeing Company (NYSE BA) opened at 235.77 on Tuesday. The company’s 50-day moving average price is $222.49 and its 200 day moving average price is $191.63. The company has a market cap of $139.36 billion, a P/E ratio of 20.66 and a beta of 1.16. Boeing Company has a 52 week low of $126.31 and a 52 week high of $246.49.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.23. The firm had revenue of $22.74 billion for 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 business’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.44) earnings per share. On average, equities analysts forecast that Boeing Company will post $9.99 EPS for the current fiscal year.

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In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Heidi B. Capozzi sold 4,217 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total transaction of $1,018,447.67. The disclosure for this sale can be found here. Insiders have sold a total of 83,468 shares of company stock worth $20,353,814 in the last three months. Insiders own 0.28% of the company’s stock.

Several large investors have recently modified their holdings of the company. Riverpoint Wealth Management Holdings LLC raised its stake in shares of Boeing Company (The) by 0.3% in the second quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock valued at $293,000 after buying an additional 4 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of Boeing Company (The) by 0.3% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock valued at $421,000 after buying an additional 6 shares during the last quarter. Accredited Investors Inc. raised its stake in shares of Boeing Company (The) by 0.4% in the second quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock valued at $325,000 after buying an additional 6 shares during the last quarter. GWM Advisors LLC raised its stake in shares of Boeing Company (The) by 0.6% in the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock valued at $233,000 after buying an additional 8 shares during the last quarter. Finally, Howe & Rusling Inc. raised its stake in shares of Boeing Company (The) by 0.3% in the first quarter. Howe & Rusling Inc. now owns 2,898 shares of the aircraft producer’s stock valued at $512,000 after buying an additional 9 shares during the last quarter. Institutional investors own 74.44% of the company’s stock.

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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