Boeing - BA Stock Forecast, Price & News

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital. The Commercial Airplanes segment provides commercial jet aircraft for passenger and cargo requirements, as well as fleet support services. The Defense, Space & Security segment engages in the research, development, production, and modification of manned and unmanned military aircraft and weapons systems; strategic defense and intelligence systems, which include strategic missile and defense systems, command, control, communications, computers, intelligence, surveillance and reconnaissance, cyber and information solutions, and intelligence systems; and satellite systems, such as government and commercial satellites, and space exploration. The Global Services segment offers products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and data analytics and digital services to commercial and defense customers. The Boeing Capital segment offers financing services and manages financing exposure for a portfolio of equipment under operating leases, sales-type/finance leases, notes and other receivables, assets held for sale or re-lease, and investments. The company was incorporated in 1916 and is based in Chicago, Illinois.

Boeing Stock Performance

Shares of NYSE:BA opened at $169.02 on Thursday. The stock has a fifty day moving average price of $145.15 and a two-hundred day moving average price of $165.83. The firm has a market cap of $100.37 billion, a P/E ratio of -18.88 and a beta of 1.38. Boeing has a 1 year low of $113.02 and a 1 year high of $241.15.

Boeing (NYSE:BA - Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.23). The business had revenue of $16.68 billion during the quarter, compared to analysts' expectations of $17.53 billion. The business's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 earnings per share. On average, research analysts predict that Boeing will post -1.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. The Goldman Sachs Group set a $281.00 price target on Boeing in a report on Wednesday. Royal Bank of Canada set a $200.00 price target on Boeing in a report on Monday, August 1st. Sanford C. Bernstein cut their price objective on Boeing from $239.00 to $216.00 in a research note on Thursday, April 28th. Susquehanna cut their price objective on Boeing from $193.00 to $192.00 in a research note on Friday, May 20th. Finally, Citigroup upgraded Boeing from a "neutral" rating to a "buy" rating and cut their price objective for the company from $219.00 to $209.00 in a research note on Thursday, June 16th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $219.56.