Boeing (NYSE:BA) Given a $427.00 Price Target by Credit Suisse Group Analysts

Share on StockTwits

Boeing (NYSE:BA) received a $427.00 price objective from investment analysts at Credit Suisse Group in a research report issued on Monday, July 15th, Borsen Zeitung reports. The firm currently has a “buy” rating on the aircraft producer’s stock. Credit Suisse Group’s price target would suggest a potential upside of 14.46% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Berenberg Bank set a $540.00 target price on shares of TransDigm Group and gave the stock a “buy” rating in a report on Thursday, June 13th. Barclays raised their target price on shares of Tyson Foods from $73.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. restated a “hold” rating and set a $7.00 target price on shares of Deutsche Bank in a report on Thursday, April 25th. Tigress Financial reiterated a “buy” rating on shares of Boeing in a report on Wednesday, March 27th. Finally, Bank of America set a $420.00 price objective on shares of Boeing and gave the company a “hold” rating in a report on Thursday, June 27th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $406.06.

Shares of NYSE:BA traded down $0.35 during mid-day trading on Monday, reaching $373.07. The stock had a trading volume of 3,249,113 shares, compared to its average volume of 4,236,944. The company has a market cap of $209.79 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 2.59 and a beta of 1.30. The stock has a 50 day moving average of $360.02. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.07. Boeing has a twelve month low of $292.47 and a twelve month high of $446.01.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.05. The business had revenue of $22.92 billion for the quarter, compared to the consensus estimate of $23.04 billion. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. Boeing’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the company posted $3.64 EPS. On average, equities research analysts expect that Boeing will post 13.04 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Gantzert Investment Co. LLC ADV bought a new stake in shares of Boeing in the 4th quarter worth approximately $2,348,000. Chartwell Investment Partners LLC raised its holdings in shares of Boeing by 9.5% in the 4th quarter. Chartwell Investment Partners LLC now owns 16,424 shares of the aircraft producer’s stock worth $5,297,000 after purchasing an additional 1,426 shares in the last quarter. Northern Capital Management LLC raised its holdings in shares of Boeing by 99.0% in the 4th quarter. Northern Capital Management LLC now owns 2,905 shares of the aircraft producer’s stock worth $937,000 after purchasing an additional 1,445 shares in the last quarter. Beacon Pointe Wealth Advisors LLC bought a new stake in shares of Boeing in the 4th quarter worth approximately $1,096,000. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Boeing in the 4th quarter worth approximately $693,000. 67.92% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Is the QQQ ETF safe?

Analyst Recommendations for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.