Cowen reissued their buy rating on shares of Boeing (NYSE:BA) in a research note published on Tuesday. Cowen currently has a $445.00 price objective on the aircraft producer’s stock.

Several other research analysts have also issued reports on the stock. Robert W. Baird restated a buy rating and set a $450.00 price target on shares of Boeing in a report on Monday, August 13th. Jefferies Financial Group set a $420.00 price target on shares of Boeing and gave the stock a buy rating in a report on Tuesday. Argus restated a fair value rating and set a $395.00 price target on shares of Boeing in a report on Thursday, October 25th. ValuEngine upgraded shares of Boeing from a hold rating to a buy rating in a report on Wednesday, September 19th. Finally, Canaccord Genuity restated a hold rating and set a $360.00 price target (up previously from $350.00) on shares of Boeing in a report on Thursday, October 25th. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Boeing currently has a consensus rating of Buy and a consensus target price of $410.21.

Shares of NYSE BA opened at $349.51 on Tuesday. The company has a market capitalization of $202.75 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. Boeing has a 1 year low of $260.15 and a 1 year high of $394.28. The company has a debt-to-equity ratio of 8.07, a current ratio of 1.10 and a quick ratio of 0.32.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.11. The business had revenue of $25.15 billion during the quarter, compared to analyst estimates of $23.84 billion. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $2.72 EPS. Analysts forecast that Boeing will post 15.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 9th will be paid a $1.71 dividend. The ex-dividend date is Thursday, November 8th. This represents a $6.84 annualized dividend and a dividend yield of 1.96%. Boeing’s dividend payout ratio is currently 56.81%.

In other news, SVP Jenette E. Ramos sold 1,640 shares of Boeing stock in a transaction on Friday, November 9th. The shares were sold at an average price of $367.52, for a total value of $602,732.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Diana L. Sands sold 5,000 shares of Boeing stock in a transaction on Monday, October 29th. The shares were sold at an average price of $350.07, for a total transaction of $1,750,350.00. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of BA. Hudock Capital Group LLC boosted its holdings in Boeing by 3.4% during the 2nd quarter. Hudock Capital Group LLC now owns 4,341 shares of the aircraft producer’s stock worth $1,456,000 after acquiring an additional 144 shares during the last quarter. South Texas Money Management Ltd. boosted its holdings in Boeing by 5.4% during the 3rd quarter. South Texas Money Management Ltd. now owns 2,835 shares of the aircraft producer’s stock worth $1,054,000 after acquiring an additional 145 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in Boeing by 0.5% during the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 30,349 shares of the aircraft producer’s stock worth $10,182,000 after acquiring an additional 146 shares during the last quarter. TNB Financial boosted its holdings in Boeing by 1.6% during the 2nd quarter. TNB Financial now owns 9,397 shares of the aircraft producer’s stock worth $3,153,000 after acquiring an additional 149 shares during the last quarter. Finally, Bourne Lent Asset Management Inc. boosted its holdings in Boeing by 9.5% during the 2nd quarter. Bourne Lent Asset Management Inc. now owns 1,728 shares of the aircraft producer’s stock worth $580,000 after acquiring an additional 150 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

About Boeing

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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