In yesterday’s Wall Street session, Boeing Co. (NYSE:BA) shares traded at $177.73, down -2.54% from the previous session.
As of this writing, 28 analysts cover Boeing Co. (NYSE:BA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $285.00 and a low of $204.00, we find $250.00. Given the previous closing price of $182.36, this indicates a potential upside of 37.09 percent. BA stock price is now -13.23% away from the 50-day moving average and -15.17% away from the 200-day moving average. The market capitalization of the company currently stands at $107.21B.
There are 11 analysts who have given it a hold rating, whereas 15 have given it a buy rating. Brokers who have rated the stock have averaged $248.69 as their price target over the next twelve months.
With the price target of $275, UBS recently initiated with Buy rating for Boeing Co. (NYSE: BA).
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 $10.53 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 $0.67 million. Insiders disposed of 27,401 shares of company stock worth roughly $4.87 million over the past 1 year. A total of 0.14% 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 Boeing Co. shares was purchased by WINSLOW CAPITAL MANAGEMENT, LLC during the first quarter worth $186,663,000. NEWBROOK CAPITAL ADVISORS LP invested $67,083,000 in shares of BA during the first quarter. In the first quarter, ARTISAN PARTNERS LIMITED PARTNERSHIP acquired a new stake in Boeing Co. valued at approximately $59,467,000. JANNEY MONTGOMERY SCOTT LLC acquired a new stake in BA for approximately $42,470,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in BA valued at around $30,662,000 in the second quarter. In total, there are 2,549 active investors with 61.39% ownership of the company’s stock.
Wednesday morning saw Boeing Co. (NYSE: BA) opened at $186.00. During the past 12 months, Boeing Co. has had a low of $132.21 and a high of $243.10. The fifty day moving average price for BA is $203.73 and a two-hundred day moving average price translates $209.35 for the stock.
The latest earnings results from Boeing Co. (NYSE: BA) was released for Jun, 2023. According to the Aerospace & Defense Company, earnings per share came in at -$0.82, beating analysts’ expectations of -$0.88 by 0.06. This compares to $0.27 EPS in the same period last year. 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 $17.03B 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. On an annualized basis, this represents a $0.04 dividend and a 0.02% percent yield. There was an ex-dividend date of 02/13/2020 for this dividend.
Boeing Co.(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.
