Boeing (NYSE:BA) Upgraded by UBS Group to Buy

Boeing (NYSE:BA) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday.

A number of other research analysts have also weighed in on the stock. Jefferies Financial Group cut their target price on shares of Boeing from $448.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Morgan Stanley set a $500.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Thursday, September 12th. Cowen set a $460.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. cut their price objective on shares of Boeing from $430.00 to $425.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, Buckingham Research set a $395.00 price objective on shares of Boeing and gave the company a “hold” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. Boeing currently has a consensus rating of “Hold” and a consensus target price of $388.56.

Boeing stock traded up $3.50 on Wednesday, reaching $340.50. 10,986,402 shares of the stock were exchanged, compared to its average volume of 4,200,153. The stock has a market cap of $186.29 billion, a PE ratio of 21.27, a PEG ratio of 11.20 and a beta of 1.25. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. Boeing has a twelve month low of $292.47 and a twelve month high of $446.01. The firm has a fifty day moving average price of $371.21 and a two-hundred day moving average price of $361.49.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.85 by $1.07. The firm had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The business’s revenue was down 35.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.33 EPS. Equities analysts anticipate that Boeing will post 3.26 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of BA. Vanguard Capital Wealth Advisors grew its stake in Boeing by 0.4% during the third quarter. Vanguard Capital Wealth Advisors now owns 6,730 shares of the aircraft producer’s stock worth $2,560,000 after buying an additional 29 shares during the last quarter. Pflug Koory LLC grew its stake in shares of Boeing by 0.6% during the third quarter. Pflug Koory LLC now owns 5,398 shares of the aircraft producer’s stock valued at $2,054,000 after purchasing an additional 30 shares during the last quarter. LeJeune Puetz Investment Counsel LLC grew its stake in shares of Boeing by 0.3% during the third quarter. LeJeune Puetz Investment Counsel LLC now owns 10,904 shares of the aircraft producer’s stock valued at $4,149,000 after purchasing an additional 30 shares during the last quarter. CFO4Life Group LLC grew its stake in shares of Boeing by 5.2% during the second quarter. CFO4Life Group LLC now owns 627 shares of the aircraft producer’s stock valued at $228,000 after purchasing an additional 31 shares during the last quarter. Finally, Scott & Selber Inc. grew its stake in shares of Boeing by 0.4% during the third quarter. Scott & Selber Inc. now owns 7,140 shares of the aircraft producer’s stock valued at $2,717,000 after purchasing an additional 31 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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