Boeing Company (The) (BA) Given a $274.00 Price Target at Sanford C. Bernstein

Sanford C. Bernstein set a $274.00 price target on Boeing Company (The) (NYSE:BA) in a report released on Thursday, July 27th. The brokerage currently has a buy rating on the aircraft producer’s stock.

BA has been the topic of a number of other research reports. Royal Bank Of Canada upgraded Boeing Company (The) from an underperform rating to a sector perform rating and upped their target price for the stock from $146.00 to $235.00 in a research note on Thursday, July 27th. Cowen and Company restated a buy rating and issued a $255.00 target price on shares of Boeing Company (The) in a research note on Monday, July 17th. Vetr downgraded Boeing Company (The) from a buy rating to a hold rating and set a $202.94 target price on the stock. in a research note on Thursday, June 15th. Jefferies Group LLC increased their price target on Boeing Company (The) to $275.00 and gave the stock a buy rating in a research report on Thursday, July 27th. Finally, ValuEngine upgraded Boeing Company (The) from a hold rating to a buy rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $228.87.

Boeing Company (BA) traded down 0.55% during midday trading on Thursday, hitting $237.85. The company had a trading volume of 1,940,611 shares. The stock has a market capitalization of $140.59 billion, a PE ratio of 20.84 and a beta of 1.16. Boeing Company has a 52 week low of $126.31 and a 52 week high of $246.49. The stock has a 50 day moving average price of $219.26 and a 200-day moving average price of $190.47.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.23. The business had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The company’s revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.44) earnings per share. On average, equities analysts predict that Boeing Company will post $9.95 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was originally posted by BBNS and is owned by of BBNS. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://baseballnewssource.com/markets/boeing-company-the-ba-given-a-274-00-price-target-by-sanford-c-bernstein-analysts-updated-updated/1312400.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio (DPR) is currently 49.74%.

In related news, CFO Gregory D. Smith sold 19,757 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $245.42, for a total value of $4,848,762.94. Following the transaction, the chief financial officer now owns 152,195 shares in the company, valued at approximately $37,351,696.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The disclosure for this sale can be found here. Insiders have sold 83,468 shares of company stock worth $20,353,814 in the last quarter. Insiders own 0.28% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. Riverpoint Wealth Management Holdings LLC boosted its position in Boeing Company (The) by 0.3% in the second quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock valued at $293,000 after buying an additional 4 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in Boeing Company (The) by 0.3% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock valued at $421,000 after buying an additional 6 shares during the last quarter. Accredited Investors Inc. boosted its position in Boeing Company (The) by 0.4% in the second quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock valued at $325,000 after buying an additional 6 shares during the last quarter. GWM Advisors LLC boosted its position in Boeing Company (The) by 0.6% in the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock valued at $233,000 after buying an additional 8 shares during the last quarter. Finally, Howe & Rusling Inc. raised its stake in shares of Boeing Company (The) by 0.3% in the first quarter. Howe & Rusling Inc. now owns 2,898 shares of the aircraft producer’s stock valued at $512,000 after buying an additional 9 shares during the period. Institutional investors own 74.44% of the company’s stock.

About Boeing Company (The)

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 Company (The) (NYSE:BA)

Receive News & Ratings for Boeing Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing Company (The) and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns


Leave a Reply

 
© 2006-2017 BBNS.