Boeing Co (BA) was Reiterated by Canaccord Genuity to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 144 from a previous price target of $140 . Canaccord Genuity advised their investors in a research report released on Jul 28, 2016.
Many Wall Street Analysts have commented on Boeing Co. Morgan Stanley Initiated Boeing Co on Jun 23, 2016 to “Overweight”, Price Target of the shares are set at $153.
On the company’s financial health, Boeing Co reported $-0.44 EPS for the quarter, missing the analyst consensus estimate by $ -2.68 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $2.24. The company had revenue of $24755.00 million for the quarter, compared to analysts expectations of $24174.22 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS.
Boeing Co closed down -2.95 points or -2.17% at $133.01 with 51,32,417 shares getting traded on Thursday. Post opening the session at $135.4, the shares hit an intraday low of $132.55 and an intraday high of $135.86 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Investors should note that on Jun 27, 2016, Boeing Co announced a cash dividend of $1.0900. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 2, 2016.
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.