Boeing’s (BA) “Buy” Rating Reaffirmed at JPMorgan Chase

Boeing (NYSE:BA)‘s stock had its “buy” rating reaffirmed by equities researchers at JPMorgan Chase in a research note issued on Friday. They presently have a $400.00 price target on the aircraft producer’s stock. JPMorgan Chase’s target price indicates a potential upside of 21.48% from the company’s previous close.

BA has been the subject of several other research reports. Vetr downgraded Boeing from a “strong-buy” rating to a “buy” rating and set a $368.72 price target for the company. in a research note on Tuesday. Berenberg Bank set a $395.00 price target on Boeing and gave the stock a “buy” rating in a research note on Monday, January 29th. Buckingham Research reiterated a “hold” rating and set a $203.00 price target on shares of Boeing in a research note on Friday, December 22nd. Jefferies Group reiterated a “buy” rating and set a $339.00 price target on shares of Boeing in a research note on Monday, January 8th. Finally, Wells Fargo reiterated a “market perform” rating and set a $365.00 price target (up previously from $330.00) on shares of Boeing in a research note on Thursday, February 1st. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $364.47.

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NYSE BA traded down $8.20 on Friday, reaching $329.28. The stock had a trading volume of 4,730,972 shares, compared to its average volume of 5,509,725. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37. Boeing has a 1 year low of $175.47 and a 1 year high of $371.60. The company has a market capitalization of $198,603.72, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 1.75 and a beta of 1.39.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The firm had revenue of $25.37 billion for the quarter, compared to the consensus estimate of $24.78 billion. During the same quarter in the previous year, the company posted $2.47 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. equities analysts anticipate that Boeing will post 14.05 EPS for the current year.

In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total value of $12,174,136.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.24% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. High Falls Advisors Inc raised its holdings in shares of Boeing by 0.3% in the 2nd quarter. High Falls Advisors Inc now owns 3,520 shares of the aircraft producer’s stock worth $696,000 after buying an additional 11 shares in the last quarter. Arcus Capital Partners LLC raised its holdings in shares of Boeing by 0.7% in the 2nd quarter. Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer’s stock worth $324,000 after buying an additional 12 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Boeing by 2.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,670 shares of the aircraft producer’s stock valued at $284,000 after purchasing an additional 45 shares in the last quarter. North Star Asset Management Inc. increased its holdings in Boeing by 0.7% during the 2nd quarter. North Star Asset Management Inc. now owns 7,585 shares of the aircraft producer’s stock valued at $1,500,000 after purchasing an additional 50 shares in the last quarter. Finally, Ropes Wealth Advisors LLC increased its holdings in Boeing by 0.7% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 8,493 shares of the aircraft producer’s stock valued at $1,679,000 after purchasing an additional 55 shares in the last quarter. 70.84% of the stock is owned by institutional investors and hedge funds.

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About Boeing

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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