Boeing (BA) Stock Rating Upgraded by Vetr

Boeing (NYSE:BA) was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday. The firm presently has a $303.48 price objective on the aircraft producer’s stock. Vetr‘s price objective points to a potential downside of 13.54% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Wolfe Research raised shares of Boeing from a “market perform” rating to an “outperform” rating in a research report on Tuesday. Robert W. Baird set a $433.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Tuesday. They noted that the move was a valuation call. Citigroup boosted their price objective on shares of Boeing to $380.00 and gave the company a “buy” rating in a research report on Tuesday. They noted that the move was a valuation call. Cowen reissued an “outperform” rating and set a $415.00 price objective (up previously from $320.00) on shares of Boeing in a research report on Tuesday. Finally, Credit Suisse Group reissued an “outperform” rating and set a $375.00 price objective (up previously from $310.00) on shares of Boeing in a research report on Friday, January 12th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. Boeing has an average rating of “Buy” and an average target price of $304.10.

Shares of Boeing (BA) opened at $351.01 on Tuesday. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39. Boeing has a 1 year low of $156.75 and a 1 year high of $352.23. The company has a market cap of $199,614.09, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The business had revenue of $24.31 billion during the quarter, compared to the consensus estimate of $24.09 billion. During the same quarter in the previous year, the firm posted $3.51 EPS. The firm’s revenue was up 1.7% on a year-over-year basis. equities analysts expect that Boeing will post 10.13 earnings per share for the current year.

Boeing declared that its Board of Directors has authorized a stock repurchase program on Monday, December 11th that permits the company to repurchase $18.00 billion in shares. This repurchase authorization permits the aircraft producer to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Boeing by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock worth $7,991,613,000 after purchasing an additional 407,511 shares in the last quarter. Jennison Associates LLC lifted its stake in Boeing by 20.3% in the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock worth $1,747,218,000 after purchasing an additional 1,160,859 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Boeing by 7,215.0% in the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after purchasing an additional 4,852,679 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Boeing by 13.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock worth $870,618,000 after purchasing an additional 402,240 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Boeing by 3.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,275,519 shares of the aircraft producer’s stock worth $965,756,000 after purchasing an additional 122,278 shares in the last quarter. 70.87% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Boeing (BA) Stock Rating Upgraded by Vetr” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://sportsperspectives.com/2018/01/18/boeing-ba-stock-rating-upgraded-by-vetr.html.

Boeing 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Boeing (NYSE:BA)

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

Latest News

Leave a Reply