Goldman Sachs' price objective points to a potential upside of 0.65% from the stock's previous close.
Institutional investors now hold around $141.84 billion or 72.2% in BA stock. Jennison Associates LLC boosted its holdings in shares of Boeing by 20.3% during the 3rd quarter. Canaccord Genuity maintained the stock with "Hold" rating in Thursday, October 26 report. Cowen & Co maintained the stock with "Buy" rating in Friday, December 1 report. In Friday, April 6 report RBC Capital Markets maintained it with "Hold" rating and $35800 target.
A number of equities research analysts have issued reports on BA shares. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average target $386 is 14.66% above the last ($336.65) price.
BA traded up $4.78 during trading on Wednesday, reaching $333.84. The aircraft producer reported $3.64 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.59 by $1.05. The company had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $22.22 billion. But the company's profit margin slipped to 5.2 percent from 6.4 percent a year earlier.
Operating cash flow improved in the quarter from $2.098 billion a year ago to $3.136 billion and reflects higher commercial production rates, improved performance, and favorable timing of receipts and expenditures, the company said.
In other news, CFO Gregory D. Smith sold 36,079 shares of the stock in a transaction on Thursday, February 8th. About 10.61 million shares traded or 80.41% up from the average.More news: Daniel Ricciardo responds to reports he's agreed pre-contract with Ferrari
"Big money sentiment for Boeing Co (NYSE:BA) in Q4 2017 decreased to 0.79, SEC.gov filings reveal". It also increased its holding in Suncor Energy Inc (NYSE:SU) by 5.28M shares in the quarter, for a total of 52.16M shares, and has risen its stake in United Continental Holdings Inc (NYSE:UAL). Boeing's revenue was up 6.5% compared to the same quarter a year ago.
Across Boeing, our teams performed at a high level in the quarter, driving revenue and earnings growth at all three business units, increasing profitability and operating cash flow, and delivering more value to our customers. Institutional investors and hedge funds own 70.78% of the company's stock. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer's stock worth $7,991,613,000 after buying an additional 407,511 shares during the last quarter. Nepsis Capital Management Inc bought 61,087 shares as the company's stock declined 3.51% with the market.
Oakmont Corp holds in The Boeing Company 13.55% for 312,368. Quadrant Capital Group LLC now owns 1,670 shares of the aircraft producer's stock valued at $284,000 after purchasing an additional 45 shares during the period. Finally, Suntrust Banks Inc. raised its stake in shares of Boeing by 5.0% during the 2nd quarter. 1,038 are owned by Wealth Architects Ltd Liability Corporation.
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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. It operates in five divisions: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital.25.07 is the P/E ratio.