Boeing (NYSE: BA)‘s stock had its “buy” rating reiterated by equities research analysts at Sterne Agee in a research note issued to investors on Monday. They currently have a $87.00 price target on the stock.
BA has been the subject of a number of other recent research reports. 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. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Boeing in a research note to investors on Tuesday, February 19th. They now have a $87.00 price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a research note to investors on Friday, February 15th. They now have a $98.00 price target on the stock.
Eighteen equities research analysts have rated the stock with a buy rating, one has assigned an overweight rating, five have given a hold rating, one has issued an underweight rating, and one has issued a sell rating to the company. The company presently has an average rating of “overweight” and a consensus target price of $88.10.
Shares of Boeing traded down 1.15% during mid-day trading on Monday, hitting $76.39. Boeing has a one year low of $66.82 and a one year high of $78.02. The stock’s 50-day moving average is currently $75.45. The company has a market cap of $57.763 billion and a P/E ratio of 15.14.
Boeing last posted its quarterly earnings results on Wednesday, January 30th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that Boeing will post $6.40 earnings per share for the current fiscal year.
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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