Other research analysts also recently issued reports about the company. Wells Fargo & Company reaffirmed a hold rating and issued a $255.00 price target (up from $240.00) on shares of Boeing in a research report on Wednesday, September 20th. Zacks Investment Research downgraded Boeing from a buy rating to a hold rating in a research report on Tuesday, September 19th. Vetr downgraded Boeing from a strong-buy rating to a buy rating and set a $266.88 price target on the stock. in a research report on Wednesday, August 16th. Sanford C. Bernstein reaffirmed an outperform rating and issued a $303.00 price target (up from $274.00) on shares of Boeing in a research report on Wednesday, September 20th. They noted that the move was a valuation call. Finally, Credit Suisse Group restated an outperform rating and set a $310.00 price objective (up from $300.00) on shares of Boeing in a research report on Tuesday, October 24th. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $266.73.
Boeing (NYSE:BA) opened at $291.84 on Monday. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. The company has a market capitalization of $172,619.48, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24. Boeing has a 1 year low of $153.06 and a 1 year high of $295.85.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.51 EPS. equities analysts anticipate that Boeing will post 10.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be paid a $1.71 dividend. This is a positive change from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 annualized dividend and a yield of 2.34%. Boeing’s payout ratio is currently 52.21%.
Boeing announced that its Board of Directors has approved a stock buyback plan on Monday, December 11th that authorizes the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization authorizes the aircraft producer to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
A number of institutional investors have recently bought and sold shares of the business. Riverpoint Wealth Management Holdings LLC boosted its stake in Boeing by 0.3% in the second quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock worth $293,000 after purchasing an additional 4 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in Boeing by 0.3% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock worth $421,000 after purchasing an additional 6 shares in the last quarter. Accredited Investors Inc. boosted its stake in Boeing by 0.4% in the second quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock worth $325,000 after purchasing an additional 6 shares in the last quarter. GWM Advisors LLC boosted its stake in Boeing by 0.6% in the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock worth $233,000 after purchasing an additional 8 shares in the last quarter. Finally, Silicon Valley Capital Partners raised its position in shares of Boeing by 0.7% during the second quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock worth $245,000 after acquiring an additional 9 shares during the last quarter. 70.97% of the stock is currently owned by institutional investors.
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.
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