Vetr upgraded shares of Boeing Company (The) (NYSE:BA) from a sell rating to a buy rating in a report published on Monday, July 31st. Vetr currently has $253.33 price target on the aircraft producer’s stock.
Other analysts have also recently issued reports about the company. Cowen and Company upped their target price on Boeing Company (The) from $9.80 to $300.00 in a report on Wednesday, July 26th. TheStreet upgraded Boeing Company (The) from a c+ rating to a b rating in a report on Wednesday, July 26th. ValuEngine upgraded Boeing Company (The) from a hold rating to a buy rating in a report on Friday, June 2nd. Gabelli restated a buy rating on shares of Boeing Company (The) in a report on Friday, April 7th. Finally, Deutsche Bank AG upped their target price on Boeing Company (The) from $205.00 to $210.00 and gave the company a buy rating in a report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $230.62.
Shares of Boeing Company (BA) opened at 235.77 on Monday. The company has a market capitalization of $139.36 billion, a P/E ratio of 20.66 and a beta of 1.16. Boeing Company has a 12 month low of $126.31 and a 12 month high of $246.49. The company has a 50-day moving average price of $222.49 and a 200-day moving average price of $191.63.
Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.23. The company had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.44) EPS. On average, analysts forecast that Boeing Company will post $9.99 EPS for the current fiscal year.
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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 issued a $1.42 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.41%. Boeing Company (The)’s payout ratio is currently 49.74%.
In other news, SVP Thomas J. Downey sold 134 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $241.20, for a total value of $32,320.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Heidi B. Capozzi sold 4,217 shares of the stock in a transaction dated Tuesday, August 1st. The shares were 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 quarter, insiders sold 83,468 shares of company stock worth $20,353,814. Company insiders own 0.28% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BA. Toronto Dominion Bank increased its position in Boeing Company (The) by 20.9% in the second quarter. Toronto Dominion Bank now owns 204,047 shares of the aircraft producer’s stock worth $40,346,000 after buying an additional 35,214 shares during the last quarter. Cookson Peirce & Co. Inc. increased its position in Boeing Company (The) by 4.8% in the second quarter. Cookson Peirce & Co. Inc. now owns 3,480 shares of the aircraft producer’s stock worth $688,000 after buying an additional 160 shares in the last quarter. EP Wealth Advisors LLC increased its position in Boeing Company (The) by 8.0% in the second quarter. EP Wealth Advisors LLC now owns 5,188 shares of the aircraft producer’s stock worth $1,026,000 after buying an additional 384 shares in the last quarter. Advisory Services Network LLC increased its position in Boeing Company (The) by 5.2% in the second quarter. Advisory Services Network LLC now owns 10,799 shares of the aircraft producer’s stock worth $2,136,000 after buying an additional 536 shares in the last quarter. Finally, Afam Capital Inc. increased its position in Boeing Company (The) by 10.7% in the second quarter. Afam Capital Inc. now owns 12,250 shares of the aircraft producer’s stock worth $2,423,000 after buying an additional 1,186 shares in the last quarter. Institutional investors and hedge funds own 74.44% 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.
To view Vetr’s full report, visit Vetr’s official website.
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