Boeing Co (NYSE:BA) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 3, 2016
Zacks Investment Research has downgraded Boeing Co (NYSE:BA) to Hold in a statement released on 10/03/2016.
On Wednesday September 28, 2016, Zacks Investment Research released a statement for Boeing Co (NYSE:BA) bumped up the target price from $0.00 to $147.00 that suggested an upside of 0.12%.
Boasting a price of $132.05, Boeing Co (NYSE:BA) traded 0.67% higher on the day. With the last stock price close up 1.21% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Boeing Co has recorded a 50-day average of $131.52 and a two hundred day average of $131.05. Volume of trade was down over the average, with 2,067,150 shares of BA changing hands under the typical 3,266,760
With a total market value of $0, Boeing Co has price-earnings ratio of 23.88 with a one year low of $102.10 and a one year high of $150.59 .
A total of 18 equity analysts have released a ratings update on BA. Four equity analysts rating the company a strong buy, five equity analysts rating the company a buy, nine equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $148.33.
Brief Synopsis About Boeing Co (NYSE:BA)
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry. Its BMA segment is engaged in the research, development, production and modification of military aircraft and weapons systems. Its N&SS segment is engaged in the research, development, production and modification of the products and related services, such as electronics, strategic missile and defense systems, and information solutions, among others. Its GS&S segment provides services to aircraft and systems. Its BCC's segment portfolio consists of equipment under operating leases, finance leases, notes and other receivables and assets held for sale.
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