Boeing Co (NYSE:BA) – Analysts at Gabelli issued their FY2021 earnings per share (EPS) estimates for shares of Boeing in a research note issued to investors on Thursday, Zacks Investment Research reports. Gabelli analyst J. Foung expects that the aircraft producer will earn $16.00 per share for the year. Gabelli has a “Buy” rating on the stock.
A number of other equities analysts have also weighed in on BA. Jefferies Group LLC boosted their price objective on Boeing from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, January 26th. Canaccord Genuity boosted their price objective on Boeing from $162.00 to $170.00 and gave the stock a “hold” rating in a research note on Tuesday. Goldman Sachs Group Inc set a $124.00 price objective on Boeing and gave the stock a “sell” rating in a research note on Thursday, January 26th. Vetr raised Boeing from a “sell” rating to a “hold” rating and set a $153.66 price objective on the stock in a research note on Thursday, December 22nd. Finally, Zacks Investment Research lowered Boeing from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company. Boeing currently has an average rating of “Hold” and an average target price of $162.17.
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Boeing (NYSE:BA) traded up 0.58% on Friday, reaching $180.34. The company’s stock had a trading volume of 1,793,232 shares. Boeing has a 12-month low of $122.35 and a 12-month high of $185.71. The company has a market capitalization of $110.45 billion, a price-to-earnings ratio of 23.70 and a beta of 1.08. The firm has a 50-day moving average of $178.46 and a 200 day moving average of $159.94. Boeing also saw unusually large options trading on Friday. Stock traders acquired 1,718 call options on the company. This is an increase of approximately 218% compared to the average volume of 540 call options.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 25th. The aircraft producer reported $2.47 earnings per share for the quarter, topping the Thomson Reuters’ 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 business earned $23.30 billion during the quarter, compared to the consensus estimate of $23.25 billion. During the same period in the prior year, the company posted $1.60 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year.
Several hedge funds have recently made changes to their positions in the stock. Brown Advisory Inc. increased its position in Boeing by 16.0% in the fourth quarter. Brown Advisory Inc. now owns 37,625 shares of the aircraft producer’s stock valued at $5,856,000 after buying an additional 5,192 shares during the period. Plancorp LLC increased its position in Boeing by 5.8% in the third quarter. Plancorp LLC now owns 61,903 shares of the aircraft producer’s stock valued at $8,155,000 after buying an additional 3,397 shares during the period. Honkamp Krueger Financial Services Inc. ADV acquired a new position in Boeing during the fourth quarter valued at approximately $1,704,000. Commerzbank Aktiengesellschaft FI increased its position in Boeing by 135.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 100,686 shares of the aircraft producer’s stock valued at $15,675,000 after buying an additional 57,895 shares during the period. Finally, Icon Advisers Inc. Co. increased its position in Boeing by 238.3% in the third quarter. Icon Advisers Inc. Co. now owns 36,200 shares of the aircraft producer’s stock valued at $4,769,000 after buying an additional 25,500 shares during the period. 74.66% of the stock is owned by hedge funds and other institutional investors.
In other news, Vice Chairman Raymond L. Conner sold 96,174 shares of the company’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $163.72, for a total transaction of $15,745,607.28. Following the completion of the transaction, the insider now directly owns 95,852 shares of the company’s stock, valued at approximately $15,692,889.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Gregory L. Hyslop sold 3,573 shares of the company’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $162.33, for a total value of $580,005.09. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 206,827 shares of company stock valued at $34,170,203. Insiders own 0.58% of the company’s stock.
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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