Boeing Co. (BA) Receives $144.79 Consensus PT from Analysts
Shares of Boeing Co. (NYSE:BA) have been given a consensus recommendation of “Hold” by the twenty-eight ratings firms that are covering the stock. Three equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $144.79.
BA has been the subject of a number of recent analyst reports. Jefferies Group reaffirmed a “buy” rating and set a $165.00 price target on shares of Boeing in a report on Friday, August 19th. Vetr raised shares of Boeing from a “sell” rating to a “hold” rating and set a $129.80 price objective for the company in a report on Monday, August 1st. Goldman Sachs Group Inc. set a $100.00 price objective on shares of Boeing and gave the stock a “sell” rating in a report on Friday, July 22nd. Credit Suisse Group AG reissued a “neutral” rating and set a $148.00 price objective on shares of Boeing in a report on Friday, September 23rd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $145.00 price objective on shares of Boeing in a report on Sunday, July 31st.
In related news, EVP J Michael Luttig sold 200,754 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $142.46, for a total transaction of $28,599,414.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.58% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Timber Creek Capital Management LLC increased its position in shares of Boeing by 325.0% in the third quarter. Timber Creek Capital Management LLC now owns 850 shares of the aircraft producer’s stock worth $111,000 after buying an additional 650 shares during the last quarter. Nelson Roberts Investment Advisors LLC increased its position in shares of Boeing by 23.7% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 940 shares of the aircraft producer’s stock worth $122,000 after buying an additional 180 shares during the last quarter. Global X Management Co. LLC increased its position in shares of Boeing by 46.8% in the third quarter. Global X Management Co. LLC now owns 938 shares of the aircraft producer’s stock worth $124,000 after buying an additional 299 shares during the last quarter. Van Hulzen Asset Management LLC increased its position in shares of Boeing by 11.1% in the second quarter. Van Hulzen Asset Management LLC now owns 1,000 shares of the aircraft producer’s stock worth $130,000 after buying an additional 100 shares during the last quarter. Finally, Cascade Investment Advisors Inc. bought a new position in shares of Boeing during the second quarter worth approximately $136,000. 75.47% of the stock is currently owned by hedge funds and other institutional investors.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 26th. The aircraft producer reported $3.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.89. The business earned $23.90 billion during the quarter, compared to analyst estimates of $23.73 billion. Boeing had a net margin of 4.52% and a return on equity of 126.01%. The business’s revenue was down 7.5% on a year-over-year basis. During the same period last year, the business earned $2.52 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 11th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Tuesday, November 8th. Boeing’s payout ratio is presently 66.36%.
Boeing Company Profile
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
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