Boeing (NYSE:BA) had its price target decreased by Bank of America from $415.00 to $400.00 in a research note issued to investors on Friday, 24/7 WallStreet reports. Bank of America currently has a neutral rating on the aircraft producer’s stock.

Other equities analysts have also issued research reports about the stock. Cowen set a $460.00 price objective on shares of Boeing and gave the company a buy rating in a research report on Friday, October 11th. Barclays set a $367.00 price objective on shares of Boeing and gave the company a hold rating in a research report on Tuesday, September 10th. UBS Group set a $470.00 price objective on shares of Boeing and gave the company a buy rating in a research report on Tuesday, September 24th. Wolfe Research lowered shares of Boeing from an outperform rating to a peer perform rating and lowered their price objective for the company from $404.00 to $393.00 in a research report on Thursday, July 25th. Finally, ValuEngine lowered shares of Boeing from a buy rating to a hold rating in a research report on Friday, October 11th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $388.79.

BA opened at $331.06 on Friday. The stock has a market capitalization of $207.67 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 12.51 and a beta of 1.25. The company has a fifty day moving average of $371.71 and a 200 day moving average of $361.71. Boeing has a fifty-two week low of $292.47 and a fifty-two week high of $446.01. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.03.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $1.07. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The business had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.05 billion. During the same quarter last year, the business earned $3.33 earnings per share. Boeing’s quarterly revenue was down 35.1% compared to the same quarter last year. On average, equities research analysts forecast that Boeing will post 3.26 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be issued a $2.055 dividend. This represents a $8.22 annualized dividend and a dividend yield of 2.48%. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Boeing by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 40,214,155 shares of the aircraft producer’s stock worth $14,638,355,000 after buying an additional 275,250 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Boeing by 7.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 35,740,551 shares of the aircraft producer’s stock worth $13,009,918,000 after buying an additional 2,607,364 shares during the period. BlackRock Inc. increased its stake in Boeing by 0.8% in the 2nd quarter. BlackRock Inc. now owns 34,081,637 shares of the aircraft producer’s stock worth $12,406,056,000 after buying an additional 264,410 shares during the period. Newport Trust Co increased its stake in Boeing by 1.0% in the 2nd quarter. Newport Trust Co now owns 30,669,091 shares of the aircraft producer’s stock worth $11,163,856,000 after buying an additional 298,466 shares during the period. Finally, Thoroughbred Financial Services LLC increased its stake in Boeing by 36,928.2% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock worth $623,555,000 after buying an additional 6,218,711 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Boeing Company Profile

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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