Royal Bank Of Canada upgraded shares of Boeing Company (The) (NYSE:BA) from an underperform rating to a sector perform rating in a research report sent to investors on Thursday morning, MarketBeat reports. Royal Bank Of Canada currently has $235.00 price target on the aircraft producer’s stock, up from their prior price target of $146.00.

Several other analysts have also issued reports on the stock. Vetr lowered shares of Boeing Company (The) from a hold rating to a sell rating and set a $223.75 price target on the stock. in a research report on Wednesday, July 26th. Cowen and Company boosted their price target on shares of Boeing Company (The) from $9.80 to $300.00 in a research report on Wednesday, July 26th. Zacks Investment Research raised shares of Boeing Company (The) from a hold rating to a buy rating and set a $236.00 price target on the stock in a research report on Friday, July 21st. Berenberg Bank set a $245.00 price target on shares of Boeing Company (The) and gave the company a buy rating in a research report on Friday, July 21st. Finally, Credit Suisse Group reissued a hold rating on shares of Boeing Company (The) in a research report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. Boeing Company (The) presently has a consensus rating of Hold and a consensus price target of $217.89.

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

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

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given 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 payout ratio is currently 49.74%.

In other Boeing Company (The) news, EVP Leanne G. Caret sold 2,400 shares of the stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $182.73, for a total transaction of $438,552.00. Following the completion of the sale, the executive vice president now owns 44,710 shares of the company’s stock, valued at approximately $8,169,858.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Bertrand Marc Allen sold 15,470 shares of the stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $183.62, for a total transaction of $2,840,601.40. Following the sale, the senior vice president now directly owns 43,801 shares of the company’s stock, valued at approximately $8,042,739.62. The disclosure for this sale can be found here. Insiders have sold a total of 63,403 shares of company stock valued at $11,666,138 in the last three months. 0.28% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Boeing Company (The) during the fourth quarter valued at $109,000. Proficio Capital Partners LLC boosted its stake in shares of Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after buying an additional 402 shares during the last quarter. MCF Advisors LLC boosted its stake in shares of Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after buying an additional 62 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after buying an additional 107 shares during the last quarter. Finally, Gemmer Asset Management LLC boosted its stake in shares of Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock valued at $159,000 after buying an additional 302 shares during the last quarter. 72.99% of the stock is owned by institutional investors and hedge funds.

Boeing Company (The) 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.

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

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