Argus restated their buy rating on shares of Boeing Company (The) (NYSE:BA) in a research note published on Friday, October 27th, The Fly reports. They currently have a $290.00 price target on the aircraft producer’s stock, up from their previous price target of $270.00.
Other equities analysts have also issued research reports about the company. Cowen and Company increased their target price on Boeing Company (The) from $9.80 to $300.00 in a research note on Wednesday, July 26th. TheStreet raised Boeing Company (The) from a c+ rating to a b rating in a research note on Wednesday, July 26th. Zacks Investment Research raised Boeing Company (The) from a hold rating to a buy rating and set a $228.00 target price on the stock in a research note on Tuesday, July 11th. Jefferies Group LLC increased their price target on Boeing Company (The) from $200.00 to $230.00 and gave the stock a buy rating in a report on Monday, July 10th. Finally, Vetr upgraded Boeing Company (The) from a hold rating to a buy rating and set a $206.38 price target for the company in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $255.94.
Boeing Company (BA) traded down $1.85 during trading on Friday, reaching $260.85. The company’s stock had a trading volume of 1,740,500 shares, compared to its average volume of 3,312,178. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. The firm has a market capitalization of $156,458.48, a price-to-earnings ratio of 26.94, a P/E/G ratio of 2.00 and a beta of 1.22. Boeing Company has a one year low of $144.46 and a one year high of $267.62.
Boeing Company (The) (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.07. Boeing Company (The) had a return on equity of 12,064.25% and a net margin of 7.33%. The business had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. During the same quarter in the prior year, the firm posted $3.51 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities analysts forecast that Boeing Company will post 10.1 EPS for the current year.
TRADEMARK VIOLATION WARNING: “Argus Reaffirms “Buy” Rating for Boeing Company (The) (NYSE:BA)” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.dispatchtribunal.com/2017/11/11/boeing-company-the-ba-rating-reiterated-by-argus.html.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $5.68 dividend on an annualized basis and a yield of 2.18%. Boeing Company (The)’s dividend payout ratio (DPR) is presently 52.21%.
Institutional investors have recently bought and sold shares of the business. LMR Partners LLP bought a new position in shares of Boeing Company (The) in the 2nd quarter valued at $4,904,000. Allegis Investment Advisors LLC bought a new position in shares of Boeing Company (The) in the 2nd quarter valued at $351,000. Blair William & Co. IL increased its stake in shares of Boeing Company (The) by 4.1% in the 2nd quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock valued at $31,170,000 after purchasing an additional 6,141 shares during the last quarter. Alps Advisors Inc. increased its stake in shares of Boeing Company (The) by 46.4% in the 2nd quarter. Alps Advisors Inc. now owns 4,832 shares of the aircraft producer’s stock valued at $956,000 after purchasing an additional 1,532 shares during the last quarter. Finally, Investment Partners Ltd. OH ADV grew its position in Boeing Company (The) by 1.1% during the 1st quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock worth $1,274,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 71.51% of the company’s stock.
About Boeing Company (The)
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
Receive News & Ratings for Boeing Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.