Boeing Co. (NYSE:BA) – Research analysts at Jefferies Group increased their FY2016 earnings estimates for Boeing in a research note issued on Thursday. Jefferies Group analyst H. Rubel now forecasts that the brokerage will earn $7.20 per share for the year, up from their previous forecast of $6.25. Jefferies Group currently has a “Buy” rating and a $165.00 target price on the stock. Jefferies Group also issued estimates for Boeing’s Q4 2016 earnings at $2.39 EPS.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 26th. The aircraft producer reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.89. The business earned $23.90 billion during the quarter, compared to analyst estimates of $23.73 billion. Boeing had a return on equity of 126.01% and a net margin of 4.52%. Boeing’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.52 EPS.
BA has been the topic of several other reports. Citigroup Inc. reduced their price target on Boeing from $168.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday, September 19th. Goldman Sachs Group Inc. set a $109.00 price target on Boeing and gave the stock a “sell” rating in a research report on Thursday. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Wednesday, September 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $145.00 price objective on shares of Boeing in a research report on Sunday, July 31st. Finally, Credit Suisse Group AG reiterated a “neutral” rating and issued a $148.00 price objective on shares of Boeing in a research report on Friday, September 23rd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. Boeing presently has a consensus rating of “Hold” and a consensus target price of $147.26.
Shares of Boeing (NYSE:BA) opened at 143.01 on Monday. The stock has a market capitalization of $88.26 billion, a price-to-earnings ratio of 21.85 and a beta of 1.03. Boeing has a 52-week low of $102.10 and a 52-week high of $150.59. The company has a 50-day moving average price of $133.28 and a 200-day moving average price of $131.95.
Several institutional investors have recently added to or reduced their stakes in BA. Nelson Roberts Investment Advisors LLC raised its position in Boeing by 23.7% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 940 shares of the aircraft producer’s stock worth $122,000 after buying an additional 180 shares during the period. Van Hulzen Asset Management LLC raised its position in Boeing by 11.1% in the second quarter. Van Hulzen Asset Management LLC now owns 1,000 shares of the aircraft producer’s stock worth $130,000 after buying an additional 100 shares during the period. Reilly Financial Advisors LLC raised its position in Boeing by 22.9% in the third quarter. Reilly Financial Advisors LLC now owns 1,034 shares of the aircraft producer’s stock worth $136,000 after buying an additional 193 shares during the period. Cascade Investment Advisors Inc. acquired a new position in Boeing during the second quarter worth $136,000. Finally, SevenBridge Financial Group LLC purchased a new stake in Boeing during the second quarter worth approximately $142,000. 75.47% of the stock is owned by hedge funds and other institutional investors.