The price of The Boeing Company (NYSE:BA) shares last traded on Wall Street rose 0.31% to $209.05.
Based on available information, 27 analysts follow 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 $310.00 and a low of $210.00, we find $261.45. Given the previous closing price of $208.40, this indicates a potential upside of 25.46 percent. BA stock price is now -6.46% away from the 50-day moving average and 0.16% away from the 200-day moving average. The market capitalization of the company currently stands at $128.95B.
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Among analysts, 9 rate the stock a hold while 15 rate it a buy. Brokers who have rated the stock have averaged $259.00 as their price target over the next twelve months.
In other news, COLBERT THEODORE III, EVP, Pres. & CEO, BDS sold 8,500 shares of the company’s stock on Aug 01. The stock was sold for $2,026,136 at an average price of $238.37. Upon completion of the transaction, the EVP, Pres. & CEO, BDS now directly owns 59,255 shares in the company, valued at $12.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 31, Director MOLLENKOPF STEVEN M bought 850 shares of the business’s stock. A total of $201,450 was incurred on buying the stock at an average price of $237.00. This leaves the insider owning 3,767 shares of the company worth $0.79 million. Insiders disposed of 27,401 shares of company stock worth roughly $5.73 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 WINSLOW CAPITAL MANAGEMENT, LLC during the first quarter worth $219,557,000. NEWBROOK CAPITAL ADVISORS LP invested $78,904,000 in shares of BA during the first quarter. In the first quarter, ARTISAN PARTNERS LIMITED PARTNERSHIP acquired a new stake in The Boeing Company valued at approximately $69,947,000. JANNEY MONTGOMERY SCOTT LLC acquired a new stake in BA for approximately $49,954,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in BA valued at around $36,066,000 in the second quarter. In total, there are 2,549 active investors with 58.20% ownership of the company’s stock.
A candlestick chart of The Boeing Company (NYSE: BA) showed a price of $209.14 on Thursday morning. During the past 12 months, The Boeing Company has had a low of $120.99 and a high of $243.10. The fifty day moving average price for BA is $223.40 and a two-hundred day moving average price translates $208.86 for the stock.
The latest earnings results from The Boeing Company (NYSE: BA) was released for Jun, 2023. According to the Aerospace & Defense Company, earnings per share came in at -$0.76, beating analysts’ expectations of -$0.82 by 0.06. This compares to $0.27 EPS in the same period last year. The net profit margin was -6.10% and return on equity was 27.70% for BA. The company reported revenue of $19.75 billion for the quarter, compared to $16.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.4 percent. For the current quarter, analysts expect BA to generate $17.79B 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.
