Barclays PLC Reaffirms Overweight Rating for Boeing Co (BA)

Barclays PLC restated their overweight rating on shares of Boeing Co (NYSE:BA) in a research report report published on Thursday morning. Barclays PLC currently has a $190.00 target price on the aircraft producer’s stock, up from their previous target price of $175.00.

Several other brokerages have also recently issued reports on BA. Jefferies Group LLC upped their price objective on Boeing from $185.00 to $200.00 and gave the stock a buy rating in a report on Thursday, January 26th. Vetr raised Boeing from a sell rating to a hold rating and set a $150.88 price objective on the stock in a report on Wednesday, December 14th. Argus upped their price objective on Boeing to $185.00 and gave the stock a buy rating in a report on Wednesday, December 14th. Goldman Sachs Group Inc set a $124.00 price objective on Boeing and gave the stock a sell rating in a report on Thursday, January 26th. Finally, Sanford C. Bernstein reaffirmed an outperform rating and set a $91.00 price objective on shares of Boeing in a report on Wednesday, December 21st. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $159.08.

Boeing (NYSE:BA) opened at 179.39 on Thursday. Boeing has a one year low of $122.35 and a one year high of $185.71. The company has a market cap of $109.87 billion, a PE ratio of 23.57 and a beta of 1.08. The stock has a 50 day moving average of $173.49 and a 200 day moving average of $152.07.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 25th. The aircraft producer reported $2.47 EPS for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.13. Boeing had a return on equity of 239.48% and a net margin of 5.18%. The company had revenue of $23.30 billion for the quarter, compared to analysts’ expectations of $23.25 billion. During the same period in the previous year, the firm earned $1.60 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. On average, analysts anticipate that Boeing will post $9.30 earnings per share for the current fiscal year.

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In other Boeing news, SVP Thomas J. Downey sold 1,000 shares of the stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $163.93, for a total value of $163,930.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP J Michael Luttig sold 102,080 shares of the stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $166.76, for a total value of $17,022,860.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,827 shares of company stock valued at $34,170,203. 0.58% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Capital World Investors boosted its stake in Boeing by 5.7% in the third quarter. Capital World Investors now owns 50,414,174 shares of the aircraft producer’s stock worth $6,641,563,000 after buying an additional 2,737,375 shares during the period. State Street Corp boosted its stake in Boeing by 4.9% in the fourth quarter. State Street Corp now owns 28,345,503 shares of the aircraft producer’s stock worth $4,412,830,000 after buying an additional 1,323,732 shares during the period. Capital Research Global Investors boosted its stake in Boeing by 4.3% in the third quarter. Capital Research Global Investors now owns 20,586,605 shares of the aircraft producer’s stock worth $2,712,079,000 after buying an additional 857,985 shares during the period. BlackRock Fund Advisors boosted its stake in Boeing by 2.5% in the third quarter. BlackRock Fund Advisors now owns 8,150,012 shares of the aircraft producer’s stock worth $1,073,683,000 after buying an additional 195,326 shares during the period. Finally, Morgan Stanley boosted its stake in Boeing by 27.0% in the third quarter. Morgan Stanley now owns 5,580,896 shares of the aircraft producer’s stock worth $735,229,000 after buying an additional 1,186,424 shares during the period. Institutional investors own 74.66% of the company’s stock.

About Boeing

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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