Boeing (NYSE:BA) Lowered to "Buy" at Vetr

29 April, 2018, 01:05 | Author: Teresa Adams
  • The Boeing logo on the first Boeing 737 MAX 9 airplane

American Century Companies Inc. now owns 3,106,855 shares of the aircraft producer's stock valued at $789,794,000 after purchasing an additional 417,793 shares during the last quarter. Moreover, Cypress Funds Llc reported 147,000 shares in Boeing Co equivalent to 7.49% of its fund portfolio. On Thursday, April 19 Canaccord Genuity maintained The Boeing Company (NYSE:BA) with "Buy" rating. Morgan Stanley set a $373.00 price target on Boeing and gave the company a "hold" rating in a research note on Thursday, March 22nd.

A number of equities research analysts have issued reports on BA shares. Robert W. Baird maintained The Boeing Company (NYSE:BA) on Tuesday, January 16 with "Buy" rating. The average target $386 is 13.40% above the last ($340.4) price.

BA traded up $4.78 during trading on Wednesday, reaching $333.84. Tarbox Family Office Inc holds 0.15% in The Boeing Company (NYSE:BA) or 1,318 shares. The stock has a market cap of $193,648.61, a P/E ratio of 27.24, a PEG ratio of 1.70 and a beta of 1.39.

BA had 1 insider sale and 0 insider buys since February 8, 2018. The firm has $470.0 highest and $203.0 lowest target.

Shares of Boeing Company (BA) rose the most in eleven weeks during the trading session in NY on Wednesday after the plane maker reported exceptionally strong first-quarter earnings, well above Wall Street estimates. The aircraft producer reported $3.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $1.05.

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The company's revenue for the quarter rose 6.5% to $23.38 billion from $21.96 billion previous year. Boeing raised its forecast for operating margin from more than 11% to about 11.5% for its commercial plane sales. Revenue increased 6.5 per cent to $23.4bn.

At the end of December reporting period, 800 institutional holders increased their position in The Boeing Company (NYSE:BA) by some 21,101,607 shares, 882 decreased positions by 24,929,687 and 223 held positions by 372,579,528.

In other news, CFO Gregory D. Smith sold 36,079 shares of the stock in a transaction on Thursday, February 8th. In comparison, analysts on average had expected adjusted earnings of $2.58 per share.

In 2017 Q4 Boeing Co (NYSE:BA) big money sentiment decreased to 0.79, according to SEC.gov filings.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Boeing by 1.0% in the 2nd quarter.

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Gasoline stocks were down (-3.0m vs. -0.3m expected) while distillate stocks (-3.0m vs. -0.4m expected) were also down. USA crude oil inventories rose by 2.2 million barrels in the week to April 20 to 429.74 million barrels.

"Reflecting the strength of the cargo market, we now plan to increase the production rate on the 767 program from 2.5 to 3 per month beginning in 2020".

Across Boeing, our teams performed at a high level in the quarter, driving revenue and earnings growth at all three business units, increasing profitability and operating cash flow, and delivering more value to our customers. As of 2017 Q4, 120,102 shares of Boeing Co are owned by Levy Harkins & Co Inc. Schwab Charles Investment Management Inc. now owns 3,275,519 shares of the aircraft producer's stock valued at $965,756,000 after purchasing an additional 122,278 shares during the last quarter.

Oakmont Corp have in The Boeing Company 13.55% equal to 312,368. Finally, Old Mutual Global Investors UK Ltd. lifted its stake in shares of Boeing by 28,537.7% during the 3rd quarter. Aureus Asset Ltd Liability Corporation invested in 8,248 shares.

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