DZ Bank downgraded Boeing from Buy to Hold and set a new price target of $152.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | Outperform → Mkt Perform | Bernstein | |
| 10/17/2024 | $207.00 → $195.00 | Outperform | Bernstein |
| 10/15/2024 | $152.00 | Buy → Hold | DZ Bank |
| 9/3/2024 | $185.00 → $119.00 | Equal Weight → Underweight | Wells Fargo |
| 8/5/2024 | $222.00 → $207.00 | Outperform | Bernstein |
| 4/30/2024 | Buy → Hold | Argus | |
| 4/17/2024 | $140.00 | Neutral → Sell | Northcoast |
| 4/11/2024 | $210.00 → $190.00 | Neutral | BofA Securities |
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4 - BOEING CO (0000012927) (Issuer)
4 - BOEING CO (0000012927) (Issuer)
4 - BOEING CO (0000012927) (Issuer)
Bernstein downgraded Boeing from Outperform to Mkt Perform
Bernstein reiterated coverage of Boeing with a rating of Outperform and set a new price target of $195.00 from $207.00 previously
DZ Bank downgraded Boeing from Buy to Hold and set a new price target of $152.00
ARLINGTON, Va., Oct. 28, 2024 /PRNewswire/ -- The Boeing Company (NYSE:BA) ("Boeing" or the "Company") announced today the launch of concurrent separate underwritten public offerings of (i) 90,000,000 shares of common stock, par value $5.00 per share ("Common Stock") of the Company and (ii) $5 billion of depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of newly issued Series A Mandatory Convertible Preferred Stock, par value $1.00 per share ("Preferred Stock"), of the Company (together, the "Offerings"). Boeing expects to grant to the underwriters of the Offerings a 30-day option to purchase up to an additional (i) 13,500,000 shares of Common Stock and
ARLINGTON, Va., Oct. 11, 2024 /PRNewswire/ -- The Boeing Company (NYSE:BA) announced today it will recognize impacts to its financial results related to charges for certain programs across the Commercial Airplanes and Defense, Space & Security segments and the IAM work stoppage when it reports third quarter results on October 23. The company expects to report third quarter revenue of $17.8 billion, GAAP loss per share of ($9.97), and operating cash flow of ($1.3) billion. Cash and investments in marketable securities totaled $10.5 billion at the end of the quarter. "While our
ARLINGTON, Va., Oct. 2, 2024 /PRNewswire/ -- The Boeing Company (NYSE:BA) will release its financial results for the third quarter of 2024 on Wednesday, October 23. President and Chief Executive Officer Kelly Ortberg and Executive Vice President and Chief Financial Officer Brian West will discuss the results and company outlook during a conference call that day at 10:30 a.m. ET. The event webcast link is available on the Events and Presentations section of www.boeing.com/investors where the news release and presentation materials will be posted prior to the event. The event can also be accessed by dialing 1-877-692-8955 within the U.S. and by dialing 234-720-6979 outside of the U.S. The pas
Boeing Co (NYSE:BA) was trading lower in premarket Thursday, opening at $179.76 per share. The air carrier has agreed to finalize a guilty plea to a criminal fraud conspiracy charge and pay at least $243.6 million for breaching a 2021 agreement with the U.S. Justice Department. Under the plea agreement, Boeing will invest at least $455 million over three years to enhance safety and compliance programs, a 75% increase from its previous plans. An independent monitor will oversee Boeing's compliance, with annual progress reports and a three-year probation period that could extend if terms are not met, reported Reuters. The plane maker acknowledged allowing potentially risky work at
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume AAL PUT TRADE BEARISH 07/26/24 $10.50 $795.0K 51.7K 16.8K UPS CALL SWEEP BEARISH 09/20/24 $130.00 $78
The Boeing Company (NYSE:BA) shares are trading lower on Wednesday. The company is anticipated to release earnings next week on July 31 before the market opens. What To Know: For the 2024 fiscal year second quarter, analysts estimate a loss of $1.76 per share and revenue of $17.26 billion. Boeing stock traded higher on Tuesday, at a price of about $185.17, after Boeing received an order for 20 777-9 planes from Qatar Airlines. Macquaire AirFrance also ordered 20 737-8 MAX jets. In early July, Boeing signed a plea deal with the Department of Justice where it agreed to plead guilty to criminal charges, pay a $243.6 million fine and invest $455 million into its safety and compliance pr
ARLINGTON, Va., Oct. 28, 2024 /PRNewswire/ -- The Boeing Company (NYSE:BA) ("Boeing" or the "Company") announced today the pricing of its previously announced separate underwritten public offerings of (i) 112,500,000 shares of common stock, par value $5.00 per share ("Common Stock"), of the Company at a public offering price of $143.00 per share (the "Common Stock Offering") and (ii) $5 billion of depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of newly issued 6.00% Series A Mandatory Convertible Preferred Stock, par value $1.00 per share ("Preferred Stock") at a public offering price of $50.00 per Depositary Share (the "Depositary Shares Offering" and
SANTIAGO, Chile, Oct. 28, 2024 /PRNewswire/ -- Boeing (NYSE:BA) and LATAM Airlines Group, the leading passenger and cargo airline group in South America, today announced the purchase of 10 787 Dreamliners with options for five more airplanes. As the region's largest 787 operator, this latest order for fuel-efficient 787-9 jets increases LATAM's investment in one of the most modern fleets in Latin America. LATAM currently operates 37 787-8s and 787-9s and, including this latest order, expects to grow the fleet to 52 Dreamliners by 2030. The 787 enables the airline to maximize c
ARLINGTON, Va., Oct. 28, 2024 /PRNewswire/ -- The Boeing Company (NYSE:BA) ("Boeing" or the "Company") announced today the launch of concurrent separate underwritten public offerings of (i) 90,000,000 shares of common stock, par value $5.00 per share ("Common Stock") of the Company and (ii) $5 billion of depositary shares ("Depositary Shares"), each representing a 1/20th interest in a share of newly issued Series A Mandatory Convertible Preferred Stock, par value $1.00 per share ("Preferred Stock"), of the Company (together, the "Offerings"). Boeing expects to grant to the underwriters of the Offerings a 30-day option to purchase up to an additional (i) 13,500,000 shares of Common Stock and
Brian Fellon joins as Chief Information Officer NW Natural Holdings (NYSE:NWN), comprised of NW Natural Gas Company, NW Natural Water, and NW Natural Renewables, has named Brian Fellon as its new vice president, Chief Information Officer/Chief Information Security Officer. Fellon will begin his new role with the company on September 23. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240904200196/en/(Photo: Business Wire) Fellon joins NW Natural after spending the last eight years as an executive at Puget Sound Energy in Bellevue, Wash., where he served as director of applications services, AI and data. Prior to that, Fellon he
ARLINGTON, Va., July 31, 2024 /PRNewswire/ -- Boeing (NYSE:BA) today announced that its Board of Directors has elected Robert K. "Kelly" Ortberg as the company's new president and chief executive officer, effective August 8, 2024. Ortberg will also serve on Boeing's Board of Directors. He will succeed Dave Calhoun, who earlier this year announced his intention to retire from the company, having served as president and CEO since January 2020, and as a member of Boeing's Board of Directors since 2009. "The Board conducted a thorough and extensive search process over the last several months to select the next CEO of Boeing and Kelly has the right skills and experience to lead Boeing in its nex
Enters into Term Sheet for Airbus to Assume Ownership of Certain Airbus Program Assets WICHITA, Kan., July 1, 2024 /PRNewswire/ -- Spirit AeroSystems (NYSE:SPR) ("Spirit") today announced it has entered into a definitive merger agreement under which The Boeing Company (NYSE:BA) ("Boeing") will acquire Spirit for $37.25 per share in Boeing common stock (subject to the collar described below). At $37.25 per share, this represents an equity value of approximately $4.7 billion and an enterprise value of approximately $8.3 billion including Spirit's last reported net debt. The price of $37.25 per share represents a 30% premium to Spirit's closing stock price of $28.60 on February 29, 2024, the da