UBS Group restated their buy rating on shares of Boeing (NYSE:BA) in a research report sent to investors on Wednesday. UBS Group currently has a $480.00 price objective on the aircraft producer’s stock, down from their previous price objective of $500.00.
A number of other equities analysts also recently weighed in on the stock. Tigress Financial reissued a buy rating on shares of Boeing in a research note on Wednesday, March 27th. TheStreet upgraded shares of Viacom from a c+ rating to a b- rating in a report on Wednesday, April 24th. Credit Suisse Group restated a hold rating and issued a $32.00 price target on shares of CRH in a report on Thursday, April 25th. Cowen cut shares of Total System Services from an outperform rating to a market perform rating in a report on Wednesday, May 29th. Finally, Zacks Investment Research upgraded shares of Grana y Montero SAA from a sell rating to a hold rating in a report on Monday, June 10th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Boeing has a consensus rating of Hold and an average target price of $407.63.
NYSE BA traded up $6.70 during mid-day trading on Wednesday, reaching $359.00. 4,879,533 shares of the stock were exchanged, compared to its average volume of 5,916,416. Boeing has a one year low of $292.47 and a one year high of $446.01. The company has a 50 day moving average of $355.97. The stock has a market cap of $200.22 billion, a PE ratio of 22.42, a P/E/G ratio of 2.29 and a beta of 1.30. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.07.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.05. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. The business had revenue of $22.92 billion during the quarter, compared to the consensus estimate of $23.04 billion. During the same quarter last year, the firm earned $3.64 earnings per share. Boeing’s quarterly revenue was down 2.0% on a year-over-year basis. Sell-side analysts expect that Boeing will post 13.91 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be issued a dividend of $2.055 per share. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Thursday, August 8th. Boeing’s dividend payout ratio is currently 51.34%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Nordea Investment Management AB boosted its holdings in Boeing by 128.1% during the first quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock worth $28,000 after purchasing an additional 41 shares during the last quarter. Next Capital Management LLC purchased a new position in Boeing during the fourth quarter worth about $32,000. Clarfeld Financial Advisors LLC purchased a new position in Boeing during the fourth quarter worth about $40,000. 1 North Wealth Services LLC purchased a new position in Boeing during the fourth quarter worth about $40,000. Finally, Semmax Financial Advisors Inc. purchased a new position in Boeing during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 67.99% of the company’s stock.
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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