UBS Group reissued their buy rating on shares of Boeing (NYSE:BA) in a research report released on Wednesday. The firm currently has a $480.00 price target on the aircraft producer’s stock, down from their previous price target of $500.00.

BA has been the subject of a number of other reports. Bank of America set a $420.00 target price on shares of Boeing and gave the company a hold rating in a report on Thursday, June 27th. Zacks Investment Research raised shares of Grana y Montero SAA from a sell rating to a hold rating in a report on Monday, June 10th. Goldman Sachs Group set a €149.00 ($173.26) target price on shares of Airbus and gave the company a buy rating in a report on Friday, June 14th. Nord/LB set a €13.00 ($15.12) target price on shares of E.On and gave the company a buy rating in a report on Wednesday, March 13th. Finally, Wolfe Research set a $436.00 target price on shares of Boeing and gave the company a buy rating in a report on Monday, April 8th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Boeing has an average rating of Hold and an average target price of $406.63.

Shares of BA stock opened at $365.33 on Wednesday. Boeing has a 12 month low of $292.47 and a 12 month high of $446.01. The stock has a market capitalization of $205.55 billion, a PE ratio of 22.82, a P/E/G ratio of 2.42 and a beta of 1.30. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. The firm’s 50 day simple moving average is $356.30.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 EPS for the quarter, beating the Zacks’ 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 business had revenue of $22.92 billion during the quarter, compared to analysts’ expectations of $23.04 billion. During the same period in the prior year, the company earned $3.64 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. On average, sell-side analysts predict that Boeing will post 13.29 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be paid a $2.055 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.25%. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Altman Advisors Inc. increased its stake in shares of Boeing by 5.6% in the second quarter. Altman Advisors Inc. now owns 4,517 shares of the aircraft producer’s stock worth $1,644,000 after purchasing an additional 240 shares in the last quarter. Lincoln Capital Corp purchased a new stake in shares of Boeing in the second quarter worth $1,203,000. Community Bank & Trust Waco Texas increased its stake in shares of Boeing by 2.1% in the second quarter. Community Bank & Trust Waco Texas now owns 10,608 shares of the aircraft producer’s stock worth $3,861,000 after purchasing an additional 221 shares in the last quarter. Smith Salley & Associates increased its stake in shares of Boeing by 10.7% in the second quarter. Smith Salley & Associates now owns 17,374 shares of the aircraft producer’s stock worth $6,324,000 after purchasing an additional 1,677 shares in the last quarter. Finally, HMS Capital Management LLC purchased a new stake in shares of Boeing in the second quarter worth $70,000. 67.99% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Boeing (NYSE:BA)

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