Boeing (NYSE:BA) Stock Rating Reaffirmed by Tigress Financial

Boeing (NYSE:BA)‘s stock had its “buy” rating reiterated by equities researchers at Tigress Financial in a note issued to investors on Wednesday, March 27th, Stock Target Advisor reports.

Several other analysts also recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Boeing from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, February 28th. Nord/LB reissued a “sell” rating and set a $300.00 target price on shares of Boeing in a research report on Wednesday, March 13th. UBS Group set a $525.00 target price on shares of Boeing and gave the stock a “buy” rating in a research report on Friday, March 8th. Norddeutsche Landesbank reissued a “sell” rating and set a $300.00 target price on shares of Boeing in a research report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a price objective on shares of Boeing in a research note on Wednesday, January 30th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Boeing currently has an average rating of “Hold” and an average price target of $411.47.

Shares of Boeing stock traded up $2.55 on Wednesday, reaching $380.07. The stock had a trading volume of 4,703,105 shares, compared to its average volume of 7,460,789. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 25.99. Boeing has a 1 year low of $292.47 and a 1 year high of $446.01. The company has a market cap of $214.54 billion, a P/E ratio of 23.74, a PEG ratio of 2.05 and a beta of 1.33.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.52 by $0.96. Boeing had a net margin of 10.34% and a negative return on equity of 4,286.60%. The firm had revenue of $28.34 billion for the quarter, compared to the consensus estimate of $26.76 billion. During the same quarter in the previous year, the firm earned $3.04 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, equities research analysts forecast that Boeing will post 16.63 EPS for the current fiscal year.

In related news, SVP Heidi B. Capozzi sold 2,916 shares of the business’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $410.84, for a total value of $1,198,009.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory D. Smith sold 19,500 shares of the business’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $401.38, for a total transaction of $7,826,910.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,247 shares of company stock valued at $28,922,977. Company insiders own 0.23% of the company’s stock.

A number of large investors have recently bought and sold shares of BA. Oregon Public Employees Retirement Fund raised its position in Boeing by 21,969.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 40,328,303 shares of the aircraft producer’s stock worth $125,000 after acquiring an additional 40,145,567 shares during the period. Newport Trust Co raised its position in Boeing by 4.2% during the fourth quarter. Newport Trust Co now owns 33,492,259 shares of the aircraft producer’s stock worth $10,801,254,000 after acquiring an additional 1,363,909 shares during the period. FMR LLC raised its position in Boeing by 15.1% during the third quarter. FMR LLC now owns 8,535,249 shares of the aircraft producer’s stock worth $3,174,259,000 after acquiring an additional 1,119,587 shares during the period. Capital International Investors raised its position in Boeing by 26.1% during the third quarter. Capital International Investors now owns 4,847,958 shares of the aircraft producer’s stock worth $1,802,956,000 after acquiring an additional 1,002,825 shares during the period. Finally, Winslow Capital Management LLC raised its position in Boeing by 50.1% during the third quarter. Winslow Capital Management LLC now owns 1,217,030 shares of the aircraft producer’s stock worth $452,613,000 after acquiring an additional 406,078 shares during the period. Institutional investors own 69.76% of the company’s stock.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Analyst Recommendations for Boeing (NYSE:BA)

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