Citigroup Maintains Boeing Co to Buy with Price Target $160.00

Brokerage firm Citigroup Maintains its rating on Boeing Co(NYSE:BA). In a research note issued to the investors, the brokerage major Lowers the price-target to $160.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Sep 19, 2016.

In a different note, Morgan Stanley said it Initiates Coverage on Boeing Co, according to a research note issued on Jun 23, 2016. The shares have been rated ‘Overweight’ by the firm.

Boeing Co (BA) made into the market gainers list on Thursdays trading session with the shares advancing 1.00% or 1.31 points. Due to strong positive momentum, the stock ended at $131.87, which is also near the day’s high of $132.48. The stock began the session at $131.45 and the volume stood at 32,53,143 shares. The 52-week high of the shares is $150.585 and the 52 week low is $102.1. The company has a current market capitalization of $82,264 M and it has 62,38,25,940 shares in outstanding.

Boeing Co(BA) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $24.75B. Analysts had an estimated revenue of $23.70B. Earnings per share were $-0.44. Analysts had estimated an EPS of $-0.92.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, Randall L Stephenson (director) purchased 1,871 shares at $133.89 per share price.Also, On Aug 3, 2016, Robert E Verbeck (SVP Fin & Corporate Controller) sold 3,894 shares at $133.28 per share price.On Aug 3, 2016, Diana L Sands (SVP, Internal Gov & Admin) sold 14,151 shares at $133.06 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.

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