Boeing (NYSE:BA) had its price target hoisted by Citigroup to $380.00 in a report published on Tuesday morning, The Fly reports. The firm currently has a buy rating on the aircraft producer’s stock. The analysts noted that the move was a valuation call.
Other research analysts have also recently issued research reports about the stock. Buckingham Research restated a hold rating and set a $203.00 target price on shares of Boeing in a report on Friday, December 22nd. Jefferies Group restated a buy rating and set a $339.00 target price on shares of Boeing in a report on Monday, January 8th. Credit Suisse Group restated an outperform rating and set a $375.00 target price (up previously from $310.00) on shares of Boeing in a report on Friday, January 12th. They noted that the move was a valuation call. Nord/LB set a $250.00 target price on shares of Boeing and gave the stock a neutral rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of Boeing from a hold rating to a buy rating and set a $330.00 target price for the company in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company. Boeing presently has a consensus rating of Buy and an average target price of $304.10.
Boeing (NYSE BA) traded down $1.41 during trading on Tuesday, hitting $338.75. 2,326,356 shares of the stock traded hands, compared to its average volume of 4,490,000. The firm has a market capitalization of $201,880.00, a PE ratio of 31.16, a PEG ratio of 2.33 and a beta of 1.23. Boeing has a 12 month low of $157.29 and a 12 month high of $352.23. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion during the quarter, compared to analysts’ expectations of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.51 earnings per share. equities research analysts forecast that Boeing will post 10.15 EPS for the current fiscal year.
Boeing announced that its board has initiated a stock buyback program on Monday, December 11th that permits the company to buyback $18.00 billion in outstanding shares. This buyback authorization permits the aircraft producer to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be given a dividend of $1.71 per share. This is a positive change from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, February 8th. Boeing’s dividend payout ratio is 52.25%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lipe & Dalton bought a new position in shares of Boeing in the third quarter valued at about $100,000. Burt Wealth Advisors bought a new position in shares of Boeing in the third quarter valued at about $100,000. Stonehearth Capital Management LLC bought a new position in shares of Boeing in the fourth quarter valued at about $105,000. Solaris Asset Management LLC bought a new position in shares of Boeing in the fourth quarter valued at about $111,000. Finally, Clear Perspective Advisors LLC raised its position in shares of Boeing by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after purchasing an additional 135 shares during the period. 70.87% of the stock is currently owned by hedge funds and other institutional investors.
Boeing 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.
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.