Berenberg Bank restated their buy rating on shares of Boeing (NYSE:BA) in a report published on Thursday, AnalystRatings.com reports. They currently have a $415.00 price target on the aircraft producer’s stock.
Several other analysts also recently weighed in on BA. Morgan Stanley boosted their price objective on shares of Boeing from $450.00 to $500.00 and gave the stock an overweight rating in a research report on Thursday, February 28th. UBS Group restated a buy rating and set a $525.00 price objective (up previously from $500.00) on shares of Boeing in a research report on Thursday, February 28th. Argus boosted their price objective on shares of Boeing from $420.00 to $460.00 and gave the stock a buy rating in a research report on Thursday, March 7th. DZ Bank restated a sell rating on shares of Boeing in a research report on Monday, March 11th. Finally, Edward Jones downgraded shares of Boeing from a buy rating to a hold rating in a research report on Monday, March 11th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $407.25.
NYSE BA opened at $348.86 on Thursday. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 48.98. Boeing has a 52 week low of $292.47 and a 52 week high of $446.01. The company has a market cap of $195.25 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.15 and a beta of 1.31.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 EPS for the quarter, topping the consensus estimate of $3.11 by $0.05. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. The company had revenue of $22.92 billion during the quarter, compared to analysts’ expectations of $23.04 billion. During the same quarter in the previous year, the business posted $3.64 EPS. The firm’s revenue was down 2.0% on a year-over-year basis. As a group, research analysts expect that Boeing will post 14.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 10th were given a $2.055 dividend. The ex-dividend date was Thursday, May 9th. This represents a $8.22 annualized dividend and a yield of 2.36%. Boeing’s dividend payout ratio (DPR) is 51.34%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Paragon Capital Management LLC purchased a new position in Boeing during the 1st quarter worth $25,000. Essex Investment Management Co. LLC purchased a new position in Boeing during the 1st quarter worth $28,000. Nordea Investment Management AB raised its position in Boeing by 128.1% during the 1st quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock worth $28,000 after buying an additional 41 shares during the last quarter. WealthBridge Capital Management LLC raised its position in Boeing by 236.0% during the 1st quarter. WealthBridge Capital Management LLC now owns 84 shares of the aircraft producer’s stock worth $30,000 after buying an additional 59 shares during the last quarter. Finally, Next Capital Management LLC purchased a new position in Boeing during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 68.04% 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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