Boeing raises 2018 forecast, crushing earnings estimates

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They now have $368.72 price objective on the aircraft producer's stock. Zacks Investment Research upgraded Boeing from a "hold" rating to a "buy" rating and set a $330.00 price objective for the company in a research note on Tuesday, January 2nd. Morgan Stanley reaffirmed an "equal weight" rating and set a $373.00 target price (up from $340.00) on shares of Boeing in a research report on Friday, February 23rd. On Wednesday, January 17 the firm has "Buy" rating by Seaport Global given. On Thursday, February 1 Wells Fargo maintained The Boeing Company (NYSE:BA) rating. On Thursday, March 29 the stock has "Buy" rating by Robert W. Baird. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock.

Boeing also could be impacted if President Donald Trump scotches the nuclear agreement between Iran and major governments that opened the door to commercial plane sales in the sanctions-constrained country.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $12.17 million activity. The firm has a market cap of $193,648.61, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.70 and a beta of 1.39. With $470.0 highest and $203.0 lowest PT, Boeing has $386 average PT or 14.66% above the current ($336.65) price. On Wednesday, November 15 RBC Capital Markets maintained The Boeing Company (NYSE:BA) with "Hold" rating. The aircraft producer reported $3.64 earnings per share for the quarter, topping the consensus estimate of $2.59 by $1.05. The critical ratio of operating sales to costs improved by 2.3 percentage points to 12.3% compared with the first quarter of a year ago.

Boeing, in-line with that forecast, expects now to hike the production of its 767 aircraft to 3 per month by the year 2020. During the same period last year, the firm earned $2.01 earnings per share. analysts forecast that Boeing will post 14.07 earnings per share for the current fiscal year.

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.

Several hedge funds and other institutional investors have recently modified their holdings of BA.

"Customers continue to recognize the value of our products and services, with strong orders booked in the quarter for defense, services and commercial offerings, including 221 net commercial aircraft orders", Boeing CEO Dennis Muilenburg said in a press release. As of Q4 2017, 120,102 shares of Boeing Co are owned by Levy Harkins & Co Inc. Capital Rech Global Investors stated it has 0.64% in The Boeing Company (NYSE:BA). Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer's stock valued at $870,618,000 after purchasing an additional 402,240 shares during the period. Sva Plumb Wealth Ltd Liability Company owns 2,001 shares or 0.07% of their USA portfolio. The Georgia-based fund Cacti Asset Management Llc looks positive on Boeing Co, possessing 257,238 shares. Moreover, United Fire Group Inc has invested 7.22% in it. Cacti Asset Management Llc disclosed 257,238 shares in (NYSE:BA). Burt Wealth Advsr holds 269 shares. Capital World Investors sold 4.78M shares as the company's stock rose 8.82% while stock markets declined.

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