Boeing traded up 3.57% on Thursday, hitting $81.905. Boeing has a 1-year low of $66.82 and a 1-year high of $79.28. The stock’s 50-day moving average is currently $75.63. The company has a market cap of $61.934 billion and a price-to-earnings ratio of 15.49.
Boeing last posted its quarterly earnings results on Wednesday, January 30th. The company reported $1.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.10. The company had revenue of $22.30 billion for the quarter, compared to the consensus estimate of $22.24 billion. During the same quarter last year, the company posted $1.32 earnings per share. Boeing’s revenue was up 14.0% compared to the same quarter last year. Boeing has set its FY13 guidance at $5.00-5.20 EPS. Analysts expect that Boeing will post $6.39 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of Boeing to $88.00 in a research note to investors on Wednesday. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of Boeing in a research note to investors on Monday. They now have a $87.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Boeing from $72.00 to $75.00 in a research note to investors on Wednesday, February 20th. They now have a “neutral” rating on the stock.
Eighteen research analysts have rated the stock with a buy rating, one has given an overweight rating, five have assigned a hold rating, one has given an underweight rating, and one has assigned a sell rating to the company’s stock. Boeing currently has an average rating of “overweight” and an average target price of $88.15.
The Boeing Company (Boeing) is an aerospace company. The Company operates in five segments: Commercial Airplanes, Boeing Military Aircraft (BMA), Network & Space Systems (N&SS), Global Services & Support (GS&S) and Boeing Capital Corporation (BCC).
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