Jennison Associates LLC grew its stake in shares of Boeing by 20.3% during the 3rd quarter. Finally, Royal Bank of Canada set a $363.00 target price on shares of Boeing and gave the stock a "neutral" rating in a research report on Wednesday, January 31st. Morgan Stanley has "Equal-Weight" rating and $400 target. On Wednesday, January 3 the stock has "Buy" rating by Seaport Global. Wells Fargo restated a "market perform" rating and set a $365.00 target price (up from $330.00) on shares of Boeing in a research report on Thursday, February 1st. On Tuesday, January 16 the company was maintained by Robert W. Baird. They noted that the move was a valuation call. Out of 18 Wall Street analysts rating Boeing, 14 give it "Buy", 0 "Sell" rating, while 4 recommend "Hold".
Boeing stock traded up $13.80 during mid-day trading on Wednesday, hitting $342.86. The company has a quick ratio of 0.37, a current ratio of 1.16 and a debt-to-equity ratio of 23.74. Nepsis Capital Management Inc who had been investing in Jd Com Inc for a number of months, seems to be bullish on the $51.45 billion market cap company.
According to CNN Money, the 24 analysts, offering 12-month forecasts regarding Boeing Company's stock price, have a median target of $400.00, with a high estimate of $500.00 and a low estimate of $289.00.
Boeing has reported first-quarter revenue of $23.4 billion, reflecting higher commercial deliveries, defence contract volume and services growth. Boeing raised its forecast for operating margin from more than 11% to about 11.5% for its commercial plane sales.
The stock increased 2.31% or $7.59 during the last trading session, touching $336.65.Currently The Boeing Company is uptrending after 82.35% change in last April 25, 2017. 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.More news: Analytical Report on Starbucks Corporation (SBUX)
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In other news, CFO Gregory D. Smith sold 36,079 shares of Boeing stock in a transaction dated Thursday, February 8th. About 10.61 million shares traded or 80.41% up from the average. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 65 Investors Sold All; 614 Reduced Holdings; 391 increased stakes while 148 investment managers bought stakes.
FBN's Nicole Petallides on Boeing's first-quarter results. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer's stock valued at $870,618,000 after purchasing an additional 402,240 shares during the period. The Iowa-based fund United Fire Group Inc have invested about 7.22% of the fund's stock portfolio in Boeing Co. The Georgia-based fund Cacti Asset Management Llc holds 257,238 shares or 6.14% of their portfolio. Centre Asset Management Ltd has 0.92% invested in The Boeing Company (NYSE:BA). Finally, Suntrust Banks Inc. raised its stake in shares of Boeing by 5.0% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 8,493 shares of the aircraft producer's stock valued at $1,679,000 after purchasing an additional 55 shares during the period. By selling 29,470 shares Green Square Capital Llc made the stock popped up with 8.82%.
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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. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.