The analysts at StockNews.com changed their recommendation for the stock of Boeing (NYSE: B.A.) from “sell” to “hold” on Wednesday, reflecting an upgrade in their opinion of the company’s stock.
Other reports on B.A. have been compiled by various brokerages and made available for public consumption. The price target Robert W. Baird had previously established for Boeing shares was raised from $210.00 to $250.00 in a research note published on Tuesday, January 3rd. In a research note published on January 10th, Morgan Stanley increased their target price for Boeing to $220.00, up from the previous $213.00. However, at the same time, they downgraded the weight classification of Boeing shares from “overweight” to “equal weight.” The Royal Bank of Canada established a price objective for Boeing shares on Tuesday, January 10th, in a research note published online. The price objective is set at $210.00. Susquehanna increased the target price they had set for Boeing stock from $185.00 to $217.00 in a research note issued on Wednesday, December 14th. Susquehanna raised the target price that they had set for Boeing stock. In addition to that, they gave the business a “positive” rating. In a research study made public by Jefferies Financial Group on Monday, January 9th, they stated that they believe the price of a share of Boeing will reach a price of $240.00 within the next year. This prediction was made about the price of the share of Boeing that was made public. There are currently fourteen research analysts who recommend buying the stock, while there are only five who recommend holding on to it. The information was obtained from Bloomberg.com, revealing that the company is currently rated as having a consensus “Moderate Buy” recommendation and that its target price is currently rated as having a consensus value of $222.53.
Wednesday saw NYSE: B.A. begin trading at $211.41. Over the last year, Boeing reached an all-time high of $229.67 and an all-time low of $113.02 in the stock market. The moving average of the company’s stock price over the past 50 days is $187.15, and the moving average over the past 200 days is $162.82. The company has a market capitalization of $125.54 billion, a price-to-earnings ratio of -14.84, a price-to-earnings-to-growth ratio of 19.27, and a beta of 1.43. All of these metrics indicate that the company is trading at a discount.
The company’s most recent quarterly results report, which was produced by Boeing (NYSE: B.A.), was made public on October 26th, a Wednesday. The company that manufactures airplanes reported earnings per share for the period of ($6.18), which was $0.01 less than the consensus analyst estimate of ($0.01) for the period of ($6.17). However, despite analysts’ predictions that the company would bring in $18.03 billion in revenue during the quarter, the company was only able to bring in $15.96 billion in revenue. In the same period as the previous year, the business incurred a loss equivalent to $0.60 per share. Compared to the previous fiscal year, the company’s revenue achieved a 4.4% increase. Analysts covering the stock market predict that at the end of the current fiscal year, Boeing will finish with a loss of 8.63 cents per share.
In other news, Company Director Steven M. Mollenkopf purchased 1,285 shares of the company’s stock on November 4th. This is an important development. Friday was mentioned as the day that this took place. The total amount spent on purchasing the shares was $201,860.65, an average cost of $157.09 for each share. After the completion of the transaction, the director is now the direct owner of 2,917 shares of the company. The total value of these shares is $458,231.53, so the director’s holdings are worth approximately $458,231.53. The United States Securities and Exchange Commission was given legal documents about the transaction, which can be viewed at this location if they choose to do so. In related news, on November 4th, director Steven M. Mollenkopf purchased 1,285 shares of Boeing stock. This information is relevant to the discussion that has been going on. The cost of purchasing all the shares came to a total of $201,860.65, which works out to a price of $157.09 per share on average. As a result of the transaction, the director now directly owns 2,917 shares of the company, and the combined value of those shares is $458,231.53. One can gain access to the official document that was claimed to have been used in the acquisition by going to the website of the Securities and Exchange Commission (SEC). In addition, on November 4th, Boeing CEO David L. Calhoun purchased 25,000 shares of the company’s stock. This transaction took place on Friday. The stock was acquired at a price calculated to be a weighted average of $158,88 per share, which resulted in a total outlay of money equal to $3,972,000.00 being spent. Because the acquisition was completed, the chief executive officer now has a personal holding of 25,000 shares of the company’s stock, which have a value of $3,972,000. You should look in this location if you are looking for the disclosure that pertains to this transaction. The company’s insiders own the shares of stock to the extent of 0.11%.
Recent months have seen several hedge funds and institutional investors adjusting the proportion of the company’s stock that they own. During the second quarter, FMR LLC achieved an 18.4% increase in the proportion of Boeing stock it owned. FMR LLC now has a total of 17,901,503 shares of the aircraft manufacturer’s stock, which are currently valued at $2,447,494,000 following the purchase of an additional 2,781,349 shares during the most recent quarter. During the third quarter, Barclays PLC achieved a 189.7% increase in the proportion of Boeing stock it owned. Barclays PLC now has a total of 1,894,753 shares of the stock of the aircraft manufacturer. These shares are estimated to have a market value of $229,414,000 and were acquired by the company following the purchase of an additional 1,240,669 of the company’s shares during the preceding quarter. During the second quarter, Newport Trust Company achieved a 2.7% increase in the proportion of Boeing stock it owned. After making an additional purchase of 1,168,565 shares of the aircraft manufacturer’s company during the most recent fiscal quarter, Newport Trust Co now owns a total of 44,678,806 of the company’s shares. These holdings have a value of $6,108,487,000 as of right now. During the second quarter, Loomis Sayles & Co. L.P. increased the amount of Boeing stock owned by 7.2%, bringing its total ownership to 100%. The aircraft manufacturer is now directly owned by Loomis Sayles & Co. L.P., which now has 13,655,099 shares. Because of the recent purchase of 913,386 additional shares, the value of these shares has increased to $1,866,925,000. This occurred during the most recent quarter. At the end of the first quarter, Renaissance Technologies LLC expanded its holdings by purchasing shares of Boeing at a total cost of $135,429,000. This action resulted in the creation of a new position for the company. At the moment, institutions hold ownership over 57.07% of the total number of shares that are currently outstanding.
The Boeing Company is a company that is active in the aerospace industry. In addition to producing technologies for the military, space, and private security, Boeing Company is responsible for producing commercial jetliners. The company is broken up into several different divisions, the most important of which are Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes sector is in charge of developing, producing, and distributing commercial jet aircraft. In addition, this division is responsible for offering fleet support services to the commercial airline industry worldwide.