Boeing Co (BA) Receives Average Rating of “Buy” from Analysts
Shares of Boeing Co (NYSE:BA) have received an average recommendation of “Buy” from the twenty-eight brokerages that are covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $410.21.
A number of research firms have issued reports on BA. Goldman Sachs Group set a $387.00 price target on shares of Boeing and gave the company a “neutral” rating in a report on Wednesday, October 24th. Berenberg Bank restated a “buy” rating and set a $430.00 price target on shares of Boeing in a report on Monday, September 3rd. Argus restated a “fair value” rating and set a $395.00 price target on shares of Boeing in a report on Thursday, October 25th. Sanford C. Bernstein upped their price target on shares of Boeing from $426.00 to $440.00 and gave the company a “positive” rating in a report on Friday, October 26th. Finally, Jefferies Financial Group set a $420.00 price target on shares of Boeing and gave the company a “buy” rating in a report on Tuesday, November 13th.
In related news, SVP Diana L. Sands sold 5,000 shares of the stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $350.07, for a total value of $1,750,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jenette E. Ramos sold 1,640 shares of the stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $367.52, for a total transaction of $602,732.80. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.
BA stock traded down $1.22 during mid-day trading on Thursday, reaching $325.47. 2,246,511 shares of the stock traded hands, compared to its average volume of 4,447,684. The company has a debt-to-equity ratio of 8.07, a current ratio of 1.10 and a quick ratio of 0.32. Boeing has a 52 week low of $292.60 and a 52 week high of $394.28. The stock has a market capitalization of $182.88 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 1.60 and a beta of 1.30.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.47 by $0.11. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The company had revenue of $25.15 billion during the quarter, compared to analysts’ expectations of $23.84 billion. During the same period in the prior year, the company earned $2.72 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts expect that Boeing will post 15.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 9th were paid a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, November 8th. Boeing’s payout ratio is presently 56.81%.
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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