Investors received an email from the stock analysts at StockNews.com on Thursday informing them that they would begin covering Boeing (NYSE: BA).
The company strongly recommended to its shareholders that they “hold on” to their existing shares of the aircraft manufacturer.
On January 25, Boeing (NYSE: BA) released its most recent quarterly earnings report.
The aircraft manufacturer’s profit per share for the quarter came in at $1.75, which was $1.80 less than the consensus estimate of $0.05 for a profit per share of $0.05.
Despite predictions made by analysts that the company would bring in $20.10 billion in revenue during the quarter, the actual amount that the company was able to bring in was only $19.98 billion.
The percentage increase in the annual growth rate of the company’s quarterly sales was 35.1% higher than the year before.
The previous year, during the same period, the company reported a loss of $7.69 per share in profit.
According to the forecasts of financial experts, Boeing’s current fiscal year will result in earnings of $0.93 per share for the company.
When trading started on Thursday, the price of a share of BA was $198.21 per share.
The company’s moving average over the previous 50 days is $209.33, and the moving average over the previous 200 days is $177.49.
The company’s current market capitalization is $118.76 billion, and it has a price-to-earnings ratio of -23.91, a price-to-earnings-growth ratio of 54.52, and a beta coefficient of 1.43.
During the previous year, the price of Boeing has ranged anywhere from $113.02 to $221.33, with an average price of $221.33.
In addition, several other equity research professionals have provided their perspectives on the stock and their estimates of its current worth. Susquehanna increased their price target on Boeing shares from $185.00 to $217.00 and rated the stock as “positive” in a research note published on Wednesday, December 14.
A price target of $200,000.00 was determined to be appropriate for Boeing shares during a research report distributed on January 26 by Credit Suisse Group.
The price target that Bank of America has placed on Boeing shares has increased from $165.00 to $190.00, and the stock has been given a “neutral” rating.
In contrast, in a research note released on Wednesday, January 11, Wells Fargo & Company increased its price target on Boeing shares from $218.00 to $240.00 and rated the stock as “overweight.” The price target that Bank of America has placed on Boeing shares has increased from $165.00 to $190.00, and the stock has been given a “neutral” rating. JPMorgan Chase & Co indicated in a research report released on Friday, February 24, that they anticipate the price of a share of Boeing will reach a price of $225.00 within the next twelve months.
The report was published online.
Eleven equity research specialists polled suggested that investors acquire the stock, while only six believed investors should continue holding onto their existing holdings.
The data that Bloomberg provided indicates that the consensus price target for Boeing is currently set at $225.13, and the company has been rated “Moderate Buy.”
Recent happenings have prompted several hedge funds to conduct recent stock-holding reviews and make adjustments.
During the final three months of 2018, Grey Fox Financial Advisers LLC spent over $25,000 to acquire one new share of Boeing Company stock.
During the fourth quarter of the fiscal year, Piershale Financial Group INC made a new investment in Boeing for $27,000.
Mendota Financial Group LLC increased its stake in Boeing by purchasing approximately 29,000 additional shares in the company during the fourth quarter of 2018. Richard W.
Paul & Associates LLC shelled out nearly thirty thousand dollars over the last three months of 2018 to acquire a new stake in Boeing.
And finally, during the last three months of the fiscal year, Steward Financial Group, LLC, invested approximately $30,000 to acquire new Boeing stock. Shares of the company are currently held by hedge funds and other types of institutional investors, who collectively account for 57.07% of the total.
The Boeing Company, a corporation that works in the aerospace industry, is a company responsible for the production of commercial jetliners in addition to the production of technologies used for defense, space exploration, and security.
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.