Boeing Company (The) (BA) Stock Rating Upgraded by Goldman Sachs Group, Inc. (The)
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.
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