Boeing Company (The) (BA) Stock Rating Reaffirmed by Canaccord Genuity

Canaccord Genuity reissued their hold rating on shares of Boeing Company (The) (NYSE:BA) in a research report report published on Sunday, July 30th. They currently have a $215.00 price target on the aircraft producer’s stock, up from their prior price target of $200.00.

BA has been the subject of a number of other research reports. Vetr cut shares of Boeing Company (The) from a hold rating to a sell rating and set a $223.75 target price for the company. in a research report on Wednesday, July 26th. Zacks Investment Research cut shares of Boeing Company (The) from a buy rating to a hold rating in a research report on Thursday, July 13th. Credit Suisse Group upgraded shares of Boeing Company (The) from a neutral rating to an outperform rating and lifted their target price for the stock from $200.00 to $300.00 in a research report on Thursday, July 27th. ValuEngine upgraded shares of Boeing Company (The) from a hold rating to a buy rating in a research report on Friday, June 2nd. Finally, Deutsche Bank AG lifted their target price on shares of Boeing Company (The) from $225.00 to $280.00 and gave the stock a buy rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. Boeing Company (The) presently has an average rating of Hold and a consensus target price of $230.62.

Boeing Company (NYSE:BA) opened at 235.77 on Friday. The firm has a market capitalization of $139.36 billion, a P/E ratio of 20.66 and a beta of 1.16. The company’s 50-day moving average is $222.49 and its 200-day moving average 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 announced its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 7.84% and a return on equity of 2,185.10%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.44) earnings per share. On average, analysts predict that Boeing Company will post $9.99 EPS for the current year.

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The company also recently announced 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 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 business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Gregory D. Smith sold 19,757 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the transaction, the chief financial officer now directly owns 152,195 shares in the company, valued at $37,351,696.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,468 shares of company stock worth $20,353,814. Corporate insiders own 0.28% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. bought a new stake in Boeing Company (The) during the fourth quarter valued at about $109,000. Clear Perspective Advisors LLC boosted its stake 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 stake 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. Vantage Investment Advisors LLC boosted its stake in Boeing Company (The) by 11.1% in the second quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after buying an additional 84 shares in the last quarter. Finally, MCF Advisors LLC boosted its stake in Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after buying an additional 62 shares in the last quarter. 74.44% of the stock is currently owned by hedge funds and other 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.

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