Shares of Boeing Co (NYSE:BA) have been assigned an average recommendation of “Buy” from the twenty-seven research firms that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $410.21.
Several equities research analysts recently issued reports on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Boeing in a research note on Monday, August 13th. Jefferies Financial Group set a $420.00 price objective on shares of Boeing and gave the company a “buy” rating in a research note on Tuesday. Cowen reaffirmed a “buy” rating and issued a $430.00 price objective on shares of Boeing in a research note on Wednesday, July 25th. Argus reaffirmed a “fair value” rating and issued a $395.00 price objective on shares of Boeing in a research note on Thursday, October 25th. Finally, ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Wednesday, September 19th.
Shares of NYSE:BA traded down $0.63 during trading on Friday, reaching $348.88. 1,033,341 shares of the company traded hands, compared to its average volume of 3,867,688. The firm has a market capitalization of $202.75 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. Boeing has a 1-year low of $260.15 and a 1-year high of $394.28. The company has a quick ratio of 0.32, a current ratio of 1.10 and a debt-to-equity ratio of 8.07.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.11. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The company had revenue of $25.15 billion during the quarter, compared to analyst estimates of $23.84 billion. During the same quarter last year, the business posted $2.72 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts expect that Boeing will post 15.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 9th will be issued a $1.71 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $6.84 annualized dividend and a yield of 1.96%. Boeing’s dividend payout ratio (DPR) is presently 56.81%.
In related news, SVP Jenette E. Ramos sold 1,640 shares of Boeing stock in a transaction on Friday, November 9th. The shares were sold at an average price of $367.52, for a total value of $602,732.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Diana L. Sands sold 5,000 shares of Boeing stock in a transaction on Monday, October 29th. The stock was sold at an average price of $350.07, for a total transaction of $1,750,350.00. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. American Money Management LLC bought a new position in shares of Boeing during the 3rd quarter worth about $202,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Boeing by 1,500.0% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,600 shares of the aircraft producer’s stock worth $595,000 after purchasing an additional 1,500 shares during the period. Evercore Wealth Management LLC increased its stake in Boeing by 37.9% in the third quarter. Evercore Wealth Management LLC now owns 4,896 shares of the aircraft producer’s stock valued at $1,821,000 after acquiring an additional 1,346 shares during the period. Plancorp LLC increased its stake in Boeing by 0.5% in the third quarter. Plancorp LLC now owns 34,026 shares of the aircraft producer’s stock valued at $12,654,000 after acquiring an additional 175 shares during the period. Finally, First Republic Investment Management Inc. increased its stake in Boeing by 1.5% in the third quarter. First Republic Investment Management Inc. now owns 283,170 shares of the aircraft producer’s stock valued at $105,311,000 after acquiring an additional 4,119 shares during the period. Hedge funds and other institutional investors own 70.26% of the company’s stock.
Boeing Company Profile
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 in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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