Boeing Company (The) (NYSE:BA) Price Target Raised to $245.00 at Canaccord Genuity

Boeing Company (The) (NYSE:BA) had its price objective increased by Canaccord Genuity from $235.00 to $245.00 in a research report report published on Wednesday, October 18th. The firm currently has a hold rating on the aircraft producer’s stock.

Several other equities analysts have also issued reports on BA. Zacks Investment Research upgraded Boeing Company (The) from a hold rating to a buy rating and set a $228.00 price target on the stock in a research report on Tuesday, July 11th. ValuEngine upgraded Boeing Company (The) from a hold rating to a buy rating in a report on Friday, September 1st. Cowen and Company reiterated an outperform rating and issued a $300.00 price objective (up previously from $255.00) on shares of Boeing Company (The) in a report on Monday, July 24th. Credit Suisse Group reiterated a hold rating on shares of Boeing Company (The) in a report on Wednesday, July 19th. Finally, Vetr cut Boeing Company (The) from a hold rating to a sell rating and set a $223.75 price objective for the company. in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $255.94.

Shares of Boeing Company (BA) traded up $2.32 during midday trading on Wednesday, reaching $264.07. The company’s stock had a trading volume of 2,909,514 shares, compared to its average volume of 3,050,000. The company has a market cap of $157,270.00, a price-to-earnings ratio of 26.85, a P/E/G ratio of 1.99 and a beta of 1.22. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39. Boeing Company has a fifty-two week low of $138.80 and a fifty-two week high of $267.21.

Boeing Company (The) (NYSE:BA) last announced its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.07. The business had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. Boeing Company (The) had a return on equity of 12,064.25% and a net margin of 7.33%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.51 EPS. sell-side analysts expect that Boeing Company will post 10.1 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $5.68 annualized dividend and a yield of 2.15%. Boeing Company (The)’s dividend payout ratio (DPR) is presently 52.25%.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Boeing Company (The) by 1.0% in the second quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after acquiring an additional 407,511 shares in the last quarter. State Street Corp lifted its position in shares of Boeing Company (The) by 0.3% in the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock valued at $5,028,731,000 after acquiring an additional 87,850 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Boeing Company (The) by 20.3% in the third quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock valued at $1,747,218,000 after acquiring an additional 1,160,859 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Boeing Company (The) by 7,215.0% in the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after acquiring an additional 4,852,679 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Boeing Company (The) by 15.5% in the third quarter. American Century Companies Inc. now owns 3,106,855 shares of the aircraft producer’s stock valued at $789,794,000 after acquiring an additional 417,793 shares in the last quarter. Institutional investors and hedge funds own 71.51% of the company’s stock.

Boeing Company (The) 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 Company (The) (NYSE:BA)

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