Boeing Co (BA) was Initiated by Morgan Stanley to “Overweight” and the brokerage firm has set the Price Target at $153. Morgan Stanley advised their investors in a research report released on Jun 23, 2016.
Many Wall Street Analysts have commented on Boeing Co. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 132 from a previous price target of $128 .Company shares were Reiterated by Canaccord Genuity on Apr 28, 2016 to “Hold”, Firm has raised the Price Target to $ 140 from a previous price target of $135 .Boeing Co was Downgraded by BofA/Merrill to ” Underperform” on Apr 20, 2016.
On the company’s financial health, Boeing Co reported $1.74 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $1.84. The company had revenue of $22632.00 million for the quarter, compared to analysts expectations of $21497.36 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 EPS.
Boeing Co closed down -1.23 points or -0.93% at $131.52 with 28,41,092 shares getting traded on Tuesday. Post opening the session at $133.19, the shares hit an intraday low of $131.485 and an intraday high of $133.28 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on May 19, 2016, Thomas J Downey (SVP, Communications) sold 6,047 shares at $134.00 per share price. According to the SEC, on May 17, 2016, John J Tracy (SVP & CTO) sold 22,341 shares at $133.60 per share price. On May 17, 2016, Scott W Fancher (SVP, Prog Mgmt, Int & Dev Prog) sold 6,279 shares at $133.16 per share price, according to the Form-4 filing with the securities and exchange commission.
The Boeing Company together with its subsidiaries is an aerospace company. The Company operates through five segments: Commercial Airplanes Boeing Military Aircraft (BMA) Network & Space Systems (N&SS) Global Services & Support (GS&S) and Boeing Capital (BCC). The Defense Space & Security (BDS) business includes BMA N&SS and GS&S. The Commercial Airplanes segment develops produces and markets commercial jet aircraft and provides related support services. The BMA segment is engaged in the research development production and modification of manned and unmanned military aircraft and weapons systems for global strike. The N&SS segment is engaged in the research development production and modification of the products and related services. The GS&S segment provides a range of support solutions. The BCC segment’s portfolio consists of equipment under operating leases finance leases notes and other receivables assets held for sale or re-lease and investments.