The Boeing Company (NYSE:BA – Get Free Report) was the target of some unusual options trading activity on Thursday. Stock traders acquired 168,263 put options on the company. This is an increase of 71% compared to the average daily volume of 98,311 put options.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on BA. Bank of America lifted their target price on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Susquehanna restated a “positive” rating and issued a $230.00 price target on shares of Boeing in a research report on Wednesday, August 14th. Stifel Nicolaus boosted their price objective on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird cut their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Finally, UBS Group decreased their target price on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $211.29.
Get Our Latest Analysis on Boeing
Institutional Investors Weigh In On Boeing
Boeing Stock Performance
NYSE:BA traded down $0.40 during trading hours on Thursday, hitting $154.71. 7,487,485 shares of the company’s stock traded hands, compared to its average volume of 7,931,724. Boeing has a twelve month low of $154.02 and a twelve month high of $267.54. The firm has a market cap of $94.97 billion, a P/E ratio of -43.75 and a beta of 1.57. The stock’s fifty day moving average price is $172.38 and its two-hundred day moving average price is $178.23.
Boeing (NYSE:BA – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period last year, the company posted ($0.82) EPS. Boeing’s revenue was down 14.6% compared to the same quarter last year. On average, equities research analysts predict that Boeing will post -4.26 earnings per share for the current year.
About Boeing
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.
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