Citigroup set a $430.00 target price on Boeing (NYSE:BA) in a research report report published on Monday morning, TipRanks reports. The firm currently has a buy rating on the aircraft producer’s stock.
A number of other equities analysts have also recently issued reports on the company. Bank of America set a $420.00 target price on Boeing and gave the stock a hold rating in a report on Thursday, June 27th. Goldman Sachs Group set a €135.00 ($156.98) target price on SAP and gave the stock a buy rating in a report on Friday, July 12th. ValuEngine cut Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. UBS Group upped their target price on Willis Towers Watson from $202.00 to $220.00 and gave the stock a buy rating in a report on Wednesday, July 10th. Finally, Buckingham Research lowered their target price on PJT Partners from $49.00 to $42.00 and set a neutral rating for the company in a report on Thursday, July 11th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $407.33.
Shares of Boeing stock traded up $6.77 during trading on Monday, reaching $369.52. 3,960,217 shares of the company’s stock were exchanged, compared to its average volume of 5,855,135. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. Boeing has a 1-year low of $292.47 and a 1-year high of $446.01. The stock has a market cap of $203.45 billion, a P/E ratio of 23.08, a P/E/G ratio of 2.44 and a beta of 1.30. The company has a 50-day simple moving average of $357.00.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.05. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. The company had revenue of $22.92 billion during the quarter, compared to analysts’ expectations of $23.04 billion. During the same quarter in the previous year, the firm earned $3.64 EPS. Boeing’s revenue was down 2.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Boeing will post 13.29 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 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Thursday, August 8th. Boeing’s dividend payout ratio (DPR) is presently 51.34%.
Large investors have recently added to or reduced their stakes in the company. CX Institutional increased its position in shares of Boeing by 35.0% during the 2nd quarter. CX Institutional now owns 575 shares of the aircraft producer’s stock worth $209,000 after purchasing an additional 149 shares during the last quarter. Northwest Bancshares Inc. increased its holdings in shares of Boeing by 1.8% during the 2nd quarter. Northwest Bancshares Inc. now owns 1,871 shares of the aircraft producer’s stock worth $681,000 after acquiring an additional 33 shares during the last quarter. Tower View Investment Management & Research LLC increased its holdings in shares of Boeing by 2.0% during the 2nd quarter. Tower View Investment Management & Research LLC now owns 6,694 shares of the aircraft producer’s stock worth $2,437,000 after acquiring an additional 129 shares during the last quarter. Round Table Services LLC increased its holdings in shares of Boeing by 27.0% during the 2nd quarter. Round Table Services LLC now owns 1,218 shares of the aircraft producer’s stock worth $443,000 after acquiring an additional 259 shares during the last quarter. Finally, Community Trust & Investment Co. increased its holdings in shares of Boeing by 0.9% during the 2nd quarter. Community Trust & Investment Co. now owns 47,899 shares of the aircraft producer’s stock worth $17,436,000 after acquiring an additional 407 shares during the last quarter. Institutional investors and hedge funds own 67.99% of the company’s stock.
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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