The Boeing Company (NYSE:BA) shares traded -1.40% lower at $208.60 on Wall Street last session.
In accordance with the data, 26 analysts cover The Boeing Company (NYSE:BA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $300.00 and a low of $180.00, we find $238.50. Given the previous closing price of $211.57, this indicates a potential upside of 12.73 percent. BA stock price is now -0.34% away from the 50-day moving average and 7.91% away from the 200-day moving average. The market capitalization of the company currently stands at $127.69B.
It has been rated a hold by 8 analysts and a buy by 14. Brokers who have rated the stock have averaged $235.64 as their price target over the next twelve months.
With the price target maintained at $180, Northcoast recently Downgraded its rating from Buy to Neutral for The Boeing Company (NYSE: BA).
In other news, McKenzie Howard E, Chief Engineer & EVP, ET&T sold 412 shares of the company’s stock on May 01. The stock was sold for $84,196 at an average price of $204.36. Upon completion of the transaction, the Chief Engineer & EVP, ET&T now directly owns 17,181 shares in the company, valued at $3.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 04, President & CEO CALHOUN DAVID L bought 25,000 shares of the business’s stock. A total of $3,972,028 was incurred on buying the stock at an average price of $158.88. This leaves the insider owning 25,000 shares of the company worth $5.21 million. Insiders disposed of 13,167 shares of company stock worth roughly $2.75 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BA stock. A new stake in The Boeing Company shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $91,383,000. MASSACHUSETTS FINANCIAL SERVICES CO /MA/ invested $86,467,000 in shares of BA during the first quarter. In the first quarter, EMPOWER ADVISORY GROUP, LLC acquired a new stake in The Boeing Company valued at approximately $76,616,000. MARSICO CAPITAL MANAGEMENT LLC acquired a new stake in BA for approximately $41,718,000. CANNELL & CO. purchased a new stake in BA valued at around $37,564,000 in the second quarter. In total, there are 2,517 active investors with 58.20% ownership of the company’s stock.
The Boeing Company (NYSE: BA) opened at $211.12 on Wednesday. During the past 12 months, The Boeing Company has had a low of $120.99 and a high of $223.91. The fifty day moving average price for BA is $209.51 and a two-hundred day moving average price translates $193.73 for the stock.
The latest earnings results from The Boeing Company (NYSE: BA) was released for Mar, 2023. According to the Aerospace & Defense Company, earnings per share came in at -$1.27, missing analysts’ expectations of -$1.07 by -0.2. This compares to -$2.10 EPS in the same period last year. The net profit margin was -5.90% and return on equity was 25.80% for BA. The company reported revenue of $17.92 billion for the quarter, compared to $13.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.09 percent. For the current quarter, analysts expect BA to generate $18.37B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/06/2020. Investors who held shares on 02/14/2020 were paid a $2.055 dividend.
The Boeing Company(BA) Company Profile
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for passenger and cargo requirements, as well as provides fleet support services. The Defense, Space & Security segment engages in the research, development, production, and modification of manned and unmanned military aircraft and weapons systems; strategic defense and intelligence systems, which include strategic missile and defense systems, command, control, communications, computers, intelligence, surveillance and reconnaissance, cyber and information solutions, and intelligence systems; and satellite systems, such as government and commercial satellites, and space exploration. The Global Services segment offers products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and data analytics and digital services to commercial and defense customers. The Boeing Capital segment offers financing services and manages financing exposure for a portfolio of equipment under operating leases, sales-type/finance leases, notes and other receivables, assets held for sale or re-lease, and investments. The company was incorporated in 1916 and is based in Arlington, Virginia.
