Goldman Sachs Group, Inc. (The) upgraded shares of Boeing Company (The) (NYSE:BA) from a sell rating to a neutral rating in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has $205.00 target price on the aircraft producer’s stock, up from their prior target price of $130.00.

Other analysts have also recently issued research reports about the company. Cowen and Company raised their target price on Boeing Company (The) from $9.80 to $300.00 in a research report on Wednesday, July 26th. Gabelli reaffirmed a buy rating on shares of Boeing Company (The) in a research report on Friday, April 7th. Berenberg Bank started coverage on Boeing Company (The) in a research report on Wednesday, March 29th. They issued a buy rating and a $202.00 target price for the company. Vetr raised Boeing Company (The) from a hold rating to a buy rating and set a $183.96 target price for the company in a research report on Wednesday, April 12th. Finally, Deutsche Bank AG raised their target price on Boeing Company (The) from $205.00 to $210.00 and gave the stock a buy rating in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company. Boeing Company (The) currently has a consensus rating of Hold and an average price target of $217.89.

Boeing Company (NYSE BA) opened at 241.27 on Thursday. The company’s 50-day moving average price is $204.97 and its 200 day moving average price is $183.62. Boeing Company has a 52-week low of $126.31 and a 52-week high of $242.68. The stock has a market capitalization of $142.61 billion, a P/E ratio of 21.14 and a beta of 1.12.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. Boeing Company (The)’s revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.44) earnings per share. On average, equities research analysts anticipate that Boeing Company will post $9.80 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $5.68 annualized dividend and a yield of 2.35%. Boeing Company (The)’s dividend payout ratio is 49.74%.

In related news, SVP Bertrand Marc Allen sold 15,470 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $183.62, for a total transaction of $2,840,601.40. Following the transaction, the senior vice president now directly owns 43,801 shares in the company, valued at $8,042,739.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP J Michael Luttig sold 7,986 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $183.78, for a total value of $1,467,667.08. Following the transaction, the executive vice president now owns 39,251 shares in the company, valued at $7,213,548.78. The disclosure for this sale can be found here. Insiders have sold 63,403 shares of company stock worth $11,666,138 over the last 90 days. Corporate insiders own 0.28% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. IFM Investors Pty Ltd bought a new stake in Boeing Company (The) during the fourth quarter worth $1,206,000. LeJeune Puetz Investment Counsel LLC bought a new stake in Boeing Company (The) during the fourth quarter worth $2,410,000. Independent Advisor Alliance bought a new stake in Boeing Company (The) during the fourth quarter worth $2,640,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Boeing Company (The) during the fourth quarter worth $508,000. Finally, Lebenthal Asset Management LLC increased its stake in Boeing Company (The) by 2.8% in the fourth quarter. Lebenthal Asset Management LLC now owns 87,960 shares of the aircraft producer’s stock worth $13,693,000 after buying an additional 2,410 shares during the last quarter. Hedge funds and other institutional investors own 72.99% 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.

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

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