Other research analysts have also issued research reports about the company. Cowen reissued a buy rating and set a $315.00 price objective on shares of Boeing in a report on Thursday, October 26th. Zacks Investment Research upgraded Boeing from a hold rating to a buy rating and set a $289.00 target price for the company in a research report on Tuesday, October 10th. Jefferies Group restated a buy rating and issued a $300.00 target price on shares of Boeing in a research report on Friday, October 6th. JPMorgan Chase & Co. restated a buy rating and issued a $300.00 target price on shares of Boeing in a research report on Thursday, October 26th. Finally, Argus restated a buy rating and issued a $290.00 target price (up previously from $270.00) on shares of Boeing in a research report on Friday, October 27th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $349.00.
Boeing (NYSE BA) opened at $328.88 on Friday. Boeing has a twelve month low of $162.38 and a twelve month high of $361.45. The company has a current ratio of 1.16, a quick ratio of 0.37 and a debt-to-equity ratio of 23.74. The company has a market capitalization of $195,870.00, a PE ratio of 24.43, a PEG ratio of 1.92 and a beta of 1.44.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The company had revenue of $25.37 billion during the quarter, compared to analyst estimates of $24.78 billion. During the same quarter in the previous year, the firm earned $2.47 earnings per share. Boeing’s revenue was up 8.9% on a year-over-year basis. research analysts forecast that Boeing will post 14 EPS for the current fiscal year.
Boeing declared that its board has initiated a stock buyback plan on Monday, December 11th that allows the company to buyback $18.00 billion in outstanding shares. This buyback authorization allows the aircraft producer to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be paid a dividend of $1.71 per share. The ex-dividend date is Thursday, February 8th. This is a boost from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a dividend yield of 2.08%. Boeing’s payout ratio is 42.20%.
Several institutional investors and hedge funds have recently bought and sold shares of BA. Lipe & Dalton purchased a new stake in Boeing in the third quarter worth $100,000. Burt Wealth Advisors purchased a new stake in Boeing in the third quarter worth $100,000. Stonehearth Capital Management LLC purchased a new stake in Boeing in the fourth quarter worth $105,000. Solaris Asset Management LLC purchased a new stake in Boeing in the fourth quarter worth $111,000. Finally, Clear Perspective Advisors LLC grew its stake in Boeing by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after purchasing an additional 135 shares during the period. 70.78% of the stock is currently owned by hedge funds and other institutional investors.
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Boeing Company Profile
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.
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