Credit Suisse Group Reaffirms Outperform Rating for Boeing Company (The) (NYSE:BA)

Credit Suisse Group reissued their outperform rating on shares of Boeing Company (The) (NYSE:BA) in a research report report published on Tuesday, October 24th, The Fly reports. Credit Suisse Group currently has a $310.00 target price on the aircraft producer’s stock, up from their prior target price of $300.00.

BA has been the subject of several other research reports. Zacks Investment Research raised shares of Boeing Company (The) from a hold rating to a buy rating and set a $228.00 price target for the company in a research report on Tuesday, July 11th. Deutsche Bank AG raised their price target on shares of Boeing Company (The) to $300.00 and gave the company a buy rating in a research report on Thursday, September 14th. Berenberg Bank set a $245.00 price target on shares of Boeing Company (The) and gave the company a buy rating in a research report on Friday, July 21st. Jefferies Group LLC reissued a buy rating and set a $300.00 price target on shares of Boeing Company (The) in a research report on Friday, October 6th. Finally, J P Morgan Chase & Co raised shares of Boeing Company (The) from a neutral rating to an overweight rating and lifted their target price for the stock from $205.00 to $240.00 in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $255.94.

Boeing Company (NYSE BA) traded down $1.85 during mid-day trading on Tuesday, hitting $260.85. 1,740,500 shares of the stock traded hands, compared to its average volume of 3,312,178. Boeing Company has a 1 year low of $144.46 and a 1 year high of $267.62. The stock has a market capitalization of $156,458.48, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion during the quarter, compared to the consensus estimate of $24.09 billion. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.51 earnings per share. analysts forecast that Boeing Company will post 10.1 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.18%. The ex-dividend date is Thursday, November 9th. Boeing Company (The)’s payout ratio is currently 52.21%.

A number of hedge funds have recently made changes to their positions in BA. Waldron LP lifted its stake in Boeing Company (The) by 23.8% in the 1st quarter. Waldron LP now owns 2,051 shares of the aircraft producer’s stock worth $362,000 after purchasing an additional 394 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Boeing Company (The) by 1.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 584,035 shares of the aircraft producer’s stock worth $103,231,000 after purchasing an additional 8,562 shares in the last quarter. Usca Ria LLC lifted its stake in Boeing Company (The) by 130.1% in the 1st quarter. Usca Ria LLC now owns 20,298 shares of the aircraft producer’s stock worth $3,590,000 after purchasing an additional 11,477 shares in the last quarter. Sfmg LLC lifted its stake in Boeing Company (The) by 53.0% in the 1st quarter. Sfmg LLC now owns 2,611 shares of the aircraft producer’s stock worth $462,000 after purchasing an additional 904 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Boeing Company (The) by 8.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,454 shares of the aircraft producer’s stock worth $611,000 after purchasing an additional 268 shares in the last quarter. Institutional investors and hedge funds 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.

The Fly

Analyst Recommendations for Boeing Company (The) (NYSE:BA)

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