Brokerages Set Boeing Co (BA) PT at $413.52

Shares of Boeing Co (NYSE:BA) have been assigned an average rating of “Hold” from the twenty-seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $411.02.

BA has been the topic of a number of research reports. Morgan Stanley raised shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $400.00 to $450.00 in a research note on Wednesday, January 9th. DZ Bank reaffirmed a “sell” rating on shares of Boeing in a research note on Monday, March 11th. UBS Group set a $525.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Friday, March 8th. JPMorgan Chase & Co. boosted their price objective on shares of Boeing to $450.00 and gave the stock an “overweight” rating in a research note on Monday, February 11th. Finally, Citigroup started coverage on shares of Boeing in a research note on Wednesday, March 27th. They set a “buy” rating on the stock.

Shares of Boeing stock traded down $2.06 on Friday, hitting $355.17. 2,260,545 shares of the company traded hands, compared to its average volume of 6,764,120. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.07. The stock has a market cap of $211.81 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30. Boeing has a 12-month low of $292.47 and a 12-month high of $446.01.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $22.92 billion for the quarter, compared to analysts’ expectations of $23.04 billion. During the same quarter last year, the company posted $3.64 EPS. The business’s quarterly revenue was down 2.0% on a year-over-year basis. On average, analysts predict that Boeing will post 14.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 10th will be issued a dividend of $2.055 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $8.22 dividend on an annualized basis and a yield of 2.31%. Boeing’s dividend payout ratio is currently 51.34%.

In related news, SVP Heidi B. Capozzi sold 2,916 shares of the company’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $410.84, for a total transaction of $1,198,009.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Gregory D. Smith sold 19,500 shares of the company’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $401.38, for a total transaction of $7,826,910.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,690 shares of company stock valued at $18,420,480. 0.23% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the stock. Paragon Capital Management LLC purchased a new stake in shares of Boeing in the first quarter valued at $25,000. Ironwood Financial llc purchased a new stake in shares of Boeing in the fourth quarter valued at $32,000. Next Capital Management LLC purchased a new position in Boeing in the 4th quarter worth about $32,000. Proffitt & Goodson Inc. increased its stake in Boeing by 1,371.4% in the 4th quarter. Proffitt & Goodson Inc. now owns 103 shares of the aircraft producer’s stock worth $33,000 after buying an additional 96 shares during the period. Finally, 1 North Wealth Services LLC purchased a new position in Boeing in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 69.85% of the company’s stock.

About Boeing

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.

See Also: Initial Public Offering (IPO)

Analyst Recommendations for Boeing (NYSE:BA)

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