Boeing (BA) Rating Increased to Sell at Vetr

Boeing (NYSE:BA) was upgraded by equities researchers 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 target price on the aircraft producer’s stock. Vetr‘s target price suggests a potential downside of 9.45% from the stock’s previous close.

Several other 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 note on Tuesday. Robert W. Baird reissued an “outperform” rating and issued a $433.00 price objective (up previously from $380.00) on shares of Boeing in a research note on Tuesday. They noted that the move was a valuation call. Citigroup raised their price objective on shares of Boeing to $380.00 and gave the stock a “buy” rating in a research note on Tuesday. They noted that the move was a valuation call. Cowen reissued an “outperform” rating and issued a $415.00 price objective (up previously from $320.00) on shares of Boeing in a research note on Tuesday. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $375.00 price objective (up previously from $310.00) on shares of Boeing in a research note on Friday. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Boeing has an average rating of “Buy” and an average price target of $298.63.

Shares of Boeing (NYSE:BA) traded down $1.05 during trading hours on Tuesday, hitting $335.16. 11,812,000 shares of the company were exchanged, compared to its average volume of 3,940,000. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. Boeing has a 1 year low of $156.75 and a 1 year high of $347.73. The company has a market cap of $199,610.00, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 2.28 and a beta of 1.23.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The business had revenue of $24.31 billion during the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.51 earnings per share. equities research analysts predict that Boeing will post 10.13 earnings per share for the current fiscal year.

Boeing declared that its Board of Directors has approved a share buyback program on Monday, December 11th that authorizes the company to buyback $18.00 billion in outstanding shares. This buyback authorization authorizes the aircraft producer to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Large investors have recently modified their holdings of the company. Janus Henderson Group PLC increased its holdings in Boeing by 7,215.0% during the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after buying an additional 4,852,679 shares during the period. Harbour Capital Advisors LLC increased its holdings in Boeing by 18,613.5% during the second quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock valued at $6,787,000 after buying an additional 1,334,957 shares during the period. Jennison Associates LLC increased its holdings in Boeing by 20.3% during the third quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock valued at $1,747,218,000 after buying an additional 1,160,859 shares during the period. Koch Industries Inc. increased its holdings in Boeing by 61,128.7% during the second quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock valued at $846,000 after buying an additional 848,467 shares during the period. Finally, Stifel Financial Corp increased its holdings in Boeing by 19,958.0% during the third quarter. Stifel Financial Corp now owns 833,410 shares of the aircraft producer’s stock valued at $212,108,000 after buying an additional 829,255 shares during the period. 70.87% of the stock is currently owned by institutional investors and hedge funds.

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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.

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