Boeing Company (The) (BA) Given Buy Rating at Argus

Argus reissued their buy rating on shares of Boeing Company (The) (NYSE:BA) in a research report released on Friday morning, The Fly reports. The firm currently has a $290.00 price objective on the aircraft producer’s stock, up from their prior price objective of $270.00.

BA has been the subject of several other research reports. Zacks Investment Research raised Boeing Company (The) from a hold rating to a buy rating and set a $228.00 target price for the company in a research report on Tuesday, July 11th. Deutsche Bank AG raised their target price on Boeing Company (The) to $300.00 and gave the stock a buy rating in a research report on Thursday, September 14th. Berenberg Bank set a $245.00 target price on Boeing Company (The) and gave the stock a buy rating in a research report on Friday, July 21st. Jefferies Group LLC reaffirmed a buy rating and issued a $300.00 target price on shares of Boeing Company (The) in a research report on Friday, October 6th. Finally, Credit Suisse Group reaffirmed a sell rating on shares of Boeing Company (The) in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The company has an average rating of Buy and an average price target of $256.21.

Shares of Boeing Company (NYSE BA) opened at 259.25 on Friday. Boeing Company has a 12 month low of $138.80 and a 12 month high of $267.21. The stock has a 50 day moving average price of $255.96 and a 200 day moving average price of $219.34. The stock has a market capitalization of $153.24 billion, a P/E ratio of 22.71 and a beta of 1.21.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.07. The business had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. Boeing Company (The) had a return on equity of 12,064.25% and a net margin of 7.33%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $3.51 EPS. On average, analysts anticipate that Boeing Company will post $10.11 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.19%. Boeing Company (The)’s payout ratio is presently 52.21%.

In other news, SVP Thomas J. Downey sold 134 shares of Boeing Company (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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.28% of the company’s stock.

Several institutional investors have recently bought and sold shares of BA. Clear Perspective Advisors LLC increased its stake in Boeing Company (The) by 31.0% during the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after acquiring an additional 135 shares during the period. Proficio Capital Partners LLC increased its stake in Boeing Company (The) by 181.9% during the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after acquiring an additional 402 shares during the period. Vantage Investment Advisors LLC increased its stake in Boeing Company (The) by 11.1% during the second quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after acquiring an additional 84 shares during the period. MCF Advisors LLC increased its stake in Boeing Company (The) by 9.5% during the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after acquiring an additional 62 shares during the period. Finally, SRS Capital Advisors Inc. increased its stake in Boeing Company (The) by 16.9% during the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after acquiring an additional 107 shares during the period. Institutional investors and hedge funds own 72.23% 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.

The Fly

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