Vetr Inc. Downgrades Boeing Company (The) (BA) to Buy

Boeing Company (The) (NYSE:BA) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday. They presently have a $269.69 price target on the aircraft producer’s stock. Vetr‘s price target would indicate a potential upside of 9.91% from the company’s previous close.

BA has been the subject of several other research reports. Zacks Investment Research upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a report on Tuesday, July 11th. Berenberg Bank set a $245.00 target price on shares of Boeing Company (The) and gave the company a “buy” rating in a report on Friday, July 21st. Credit Suisse Group restated a “sell” rating on shares of Boeing Company (The) in a report on Friday, July 28th. J P Morgan Chase & Co upgraded shares of Boeing Company (The) from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $205.00 to $240.00 in a research note on Friday, July 14th. Finally, Bank of America Corporation upgraded shares of Boeing Company (The) from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $150.00 to $225.00 in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $233.03.

Shares of Boeing Company (NYSE:BA) opened at 245.37 on Wednesday. The firm has a 50-day moving average of $238.47 and a 200 day moving average of $200.70. The firm has a market capitalization of $145.03 billion, a P/E ratio of 21.50 and a beta of 1.18. Boeing Company has a 52 week low of $126.34 and a 52 week high of $246.49.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. During the same quarter in the prior year, the business posted ($0.44) EPS. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, equities research analysts expect that Boeing Company will post $9.99 EPS for the current fiscal year.

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In other news, SVP Heidi B. Capozzi sold 4,217 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total transaction of $1,018,447.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory D. Smith sold 19,757 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the transaction, the chief financial officer now directly owns 152,195 shares of the company’s stock, valued at approximately $37,351,696.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,468 shares of company stock valued at $20,353,814. 0.28% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Sonata Capital Group Inc. boosted its holdings in shares of Boeing Company (The) by 0.3% during the first quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock valued at $884,000 after acquiring an additional 16 shares during the period. Investment Partners Ltd. OH ADV raised its stake in shares of Boeing Company (The) by 1.1% during the first quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock valued at $1,274,000 after purchasing an additional 79 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Boeing Company (The) by 7.9% during the first quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock valued at $1,199,000 after purchasing an additional 499 shares in the last quarter. UMB Bank N A MO raised its stake in shares of Boeing Company (The) by 5.9% during the first quarter. UMB Bank N A MO now owns 167,067 shares of the aircraft producer’s stock valued at $29,548,000 after purchasing an additional 9,343 shares in the last quarter. Finally, Hudock Capital Group LLC raised its stake in shares of Boeing Company (The) by 438.2% during the first quarter. Hudock Capital Group LLC now owns 8,289 shares of the aircraft producer’s stock valued at $1,466,000 after purchasing an additional 6,749 shares in the last quarter. 72.31% of the stock is owned by institutional investors.

Boeing Company (The) 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.

Analyst Recommendations for Boeing Company (The) (NYSE:BA)

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