Berenberg Bank set a $415.00 price target on Boeing (NYSE:BA) in a research note released on Monday, reports. The firm currently has a buy rating on the aircraft producer’s stock.

BA has been the topic of a number of other research reports. Buckingham Research restated a hold rating and set a $203.00 price target on shares of Boeing in a report on Friday, December 22nd. Jefferies Group restated a buy rating and set a $339.00 price target on shares of Boeing in a report on Monday, January 8th. Credit Suisse Group restated an outperform rating and set a $375.00 price target (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. ValuEngine upgraded Boeing from a hold rating to a buy rating in a report on Friday, February 2nd. Finally, Goldman Sachs Group set a $293.00 price objective on Boeing and gave the company a neutral rating in a research report on Wednesday, January 31st. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $352.44.

Boeing (NYSE:BA) opened at $329.66 on Monday. Boeing has a twelve month low of $164.06 and a twelve month high of $361.45. The stock has a market capitalization of $207,332.78, a PE ratio of 28.82, a P/E/G ratio of 1.91 and a beta of 1.44. The company has a current ratio of 1.16, a quick ratio of 0.37 and a debt-to-equity ratio of 23.74.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The company had revenue of $25.37 billion for the quarter, compared to the consensus estimate of $24.78 billion. During the same quarter in the previous year, the business earned $2.47 EPS. Boeing’s revenue was up 8.9% compared to the same quarter last year. equities analysts forecast that Boeing will post 14.01 earnings per share for the current year.

Boeing declared that its Board of Directors has authorized a share repurchase program on Monday, December 11th that permits the company to repurchase $18.00 billion in shares. This repurchase authorization permits the aircraft producer to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be issued a $1.71 dividend. This is a positive change from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, February 8th. Boeing’s payout ratio is presently 42.17%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lipe & Dalton purchased a new stake in Boeing during the 3rd quarter valued at $100,000. Burt Wealth Advisors purchased a new stake in Boeing during the 3rd quarter valued at $100,000. Stonehearth Capital Management LLC purchased a new stake in Boeing during the 4th quarter valued at $105,000. Solaris Asset Management LLC purchased a new stake in Boeing during the 4th quarter valued at $111,000. Finally, Clear Perspective Advisors LLC raised its stake in Boeing by 31.0% during the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after buying an additional 135 shares during the last quarter. Institutional investors own 70.78% of the company’s stock.

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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.

Analyst Recommendations for Boeing (NYSE:BA)

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