Several research analysts have commented on the stock. Moreover, Cypress Funds Llc has 7.49% invested in the company for 147,000 shares. Cowen & Co maintained the stock with "Buy" rating in Friday, December 1 report. Vetr downgraded Boeing from a "strong-buy" rating to a "buy" rating and set a $368.72 target price for the company.in a research note on Tuesday, April 10th. The firm has "Buy" rating by Jefferies given on Friday, September 22. The consensus price target as of last night was $387.29.
BA traded up $4.78 during trading on Wednesday, reaching $333.84. BA has 5.43 million shares volume. The company has a quick ratio of 0.37, a current ratio of 1.16 and a debt-to-equity ratio of 23.74. 78% are bullish. With $470.0 highest and $203.0 lowest target Boeing has $386 average target or 14.66% above the current ($336.65) price. Cash flow continues to impress, and Boeing delivered $3.1 billion of operating cash flow this quarter compared with $2.1 billion past year.
Boeing said it earned $3.64 per share in the first quarter on revenue of $23.4 billion. At the time, Muilenburg said, "We see air traffic growing and passenger traffic growing at about 6 percent to 7 percent a year, and that's feeding airplane growth throughout the world". The institutional investor held 25.73M shares of the aerospace company at the end of 2017Q4, valued at $7.59 billion, down from 30.50 million at the end of the previous reported quarter.
In related news, CFO Gregory D. Smith sold 36,079 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97.
Keeler Thomas Management LLC bought a new stake in shares of Boeing (NYSE:BA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. Colony Group Llc sold 6,463 shares as the company's stock rose 8.82% while stock markets declined.
The company said it would raise production for the Boeing 767 plane from 2.5 to 3.0 per month due to strength in the cargo market as industrial demand picks up. Beach Investment Management LLC. acquired a new stake in Boeing during the 2nd quarter worth approximately $429,000. High Falls Advisors Inc now owns 3,520 shares of the aircraft producer's stock valued at $696,000 after acquiring an additional 11 shares during the last quarter. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 35,515,544 shares of the stock are valued at $12.03 billion.
Full year earnings per share guidance is increased by $0.50 to between $16.40 and $16.60, and core earnings per share guidance is increased to between $14.30 and $14.50 on performance. The Illinois-based Duff & Phelps Inv Management Company has invested 0.03% in The Boeing Company (NYSE:BA). 1,038 are owned by Wealth Architects Ltd Liability Corporation.
ILLEGAL ACTIVITY WARNING: This article was originally reported by Macon Daily and is the sole property of of Macon Daily.
The Boeing Company, together with its subsidiaries, designs, develops, makes, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide.The firm is valued at $197.69 billion. It operates in five divisions: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital.25.07 is the P/E ratio.