Barclays reaffirmed their neutral rating on shares of Boeing (NYSE:BA) in a report released on Tuesday, Borsen Zeitung reports. Barclays currently has a $325.00 price objective on the aircraft producer’s stock.

Other equities research analysts have also issued reports about the stock. Morgan Stanley dropped their price objective on shares of Boeing from $500.00 to $450.00 and set an overweight rating on the stock in a report on Thursday, October 24th. Jefferies Financial Group dropped their price objective on shares of Boeing from to and set a buy rating on the stock in a report on Monday, February 3rd. Sanford C. Bernstein restated a buy rating and set a $401.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Citigroup lowered their price target on shares of Boeing from $430.00 to $420.00 and set a buy rating on the stock in a research note on Thursday, October 24th. Finally, Buckingham Research lifted their price target on shares of Boeing from $308.00 to $350.00 and gave the company a neutral rating in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $353.03.

Shares of NYSE:BA traded down $2.33 during midday trading on Tuesday, reaching $340.49. 4,196,489 shares of the company were exchanged, compared to its average volume of 7,797,460. Boeing has a fifty-two week low of $302.72 and a fifty-two week high of $446.01. The stock has a fifty day simple moving average of $328.13 and a two-hundred day simple moving average of $349.12. The firm has a market cap of $194.10 billion, a PE ratio of -283.74, a P/E/G ratio of 6.94 and a beta of 1.28.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 29th. The aircraft producer reported ($2.33) EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($3.80). Boeing had a negative return on equity of 70.76% and a negative net margin of 0.83%. The company had revenue of $17.91 billion for the quarter, compared to analyst estimates of $21.76 billion. During the same quarter in the previous year, the business earned $5.48 earnings per share. The company’s revenue was down 36.8% on a year-over-year basis. As a group, analysts expect that Boeing will post 4.96 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 14th will be paid a $2.055 dividend. The ex-dividend date is Thursday, February 13th. This represents a $8.22 annualized dividend and a yield of 2.41%. Boeing’s payout ratio is currently -236.89%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Capital Wealth Advisors boosted its holdings in shares of Boeing by 0.4% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 6,730 shares of the aircraft producer’s stock worth $2,560,000 after buying an additional 29 shares during the period. Pflug Koory LLC boosted its holdings in shares of Boeing by 0.6% during the 3rd quarter. Pflug Koory LLC now owns 5,398 shares of the aircraft producer’s stock worth $2,054,000 after buying an additional 30 shares during the period. LeJeune Puetz Investment Counsel LLC boosted its holdings in shares of Boeing by 0.3% during the 3rd quarter. LeJeune Puetz Investment Counsel LLC now owns 10,904 shares of the aircraft producer’s stock worth $4,149,000 after buying an additional 30 shares during the period. Lesa Sroufe & Co boosted its holdings in shares of Boeing by 2.4% during the 3rd quarter. Lesa Sroufe & Co now owns 1,292 shares of the aircraft producer’s stock worth $492,000 after buying an additional 30 shares during the period. Finally, OLD Dominion Capital Management Inc. boosted its holdings in shares of Boeing by 0.8% during the 3rd quarter. OLD Dominion Capital Management Inc. now owns 3,587 shares of the aircraft producer’s stock worth $1,365,000 after buying an additional 30 shares during the period. 68.93% of the stock is owned by institutional investors.

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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