Boeing Company (The) (NYSE:BA) had its price objective boosted by J P Morgan Chase & Co from $20.00 to $280.00 in a research note released on Monday, July 31st. The brokerage currently has an overweight rating on the aircraft producer’s stock.
Several other research analysts have also recently commented on the company. Vetr raised Boeing Company (The) from a sell rating to a buy rating and set a $253.33 target price for the company in a research note on Monday, July 31st. Canaccord Genuity reaffirmed a hold rating and set a $215.00 price objective (up from $200.00) on shares of Boeing Company (The) in a research report on Sunday, July 30th. Credit Suisse Group reaffirmed a sell rating on shares of Boeing Company (The) in a research report on Friday, July 28th. Buckingham Research raised Boeing Company (The) from an underperform rating to a neutral rating in a research report on Friday, July 28th. Finally, TheStreet raised Boeing Company (The) from a c+ rating to a b rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $230.62.
Boeing Company (NYSE:BA) opened at 235.77 on Monday. The company has a market cap of $139.36 billion, a P/E ratio of 20.66 and a beta of 1.16. The stock’s 50 day moving average price is $222.49 and its 200-day moving average price is $191.63. Boeing Company has a 52-week low of $126.31 and a 52-week high of $246.49.
Boeing Company (The) (NYSE:BA) last released its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The firm had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. During the same period in the previous year, the firm posted ($0.44) EPS. Boeing Company (The)’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, equities analysts predict that Boeing Company will post $9.99 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This story was published by BNB Daily and is the sole property of of BNB Daily. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.baseball-news-blog.com/2017/08/19/j-p-morgan-chase-co-raises-boeing-company-the-ba-price-target-to-280-00-updated-updated.html.
The firm also recently disclosed 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. The ex-dividend date is Wednesday, August 9th. This represents a $5.68 annualized dividend and a dividend yield of 2.41%. Boeing Company (The)’s dividend payout ratio is presently 49.74%.
In related news, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Heidi B. Capozzi sold 4,217 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total value of $1,018,447.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clear Perspective Advisors LLC boosted its position in Boeing Company (The) by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after buying an additional 135 shares in the last quarter. Proficio Capital Partners LLC boosted its position in Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after buying an additional 402 shares in the last quarter. CWH Capital Management Inc. bought a new position in Boeing Company (The) during the second quarter valued at about $134,000. Catamount Wealth Management bought a new position in Boeing Company (The) during the second quarter valued at about $138,000. Finally, Thomas J. Herzfeld Advisors Inc. bought a new position in Boeing Company (The) during the fourth quarter valued at about $109,000. 74.44% of the stock is currently owned by institutional investors.
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.
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 MarketBeat.com's FREE daily email newsletter.