Boeing (BA) Downgraded by Vetr

Vetr downgraded shares of Boeing (NYSE:BA) from a hold rating to a sell rating in a research report sent to investors on Friday. They currently have $263.71 price target on the aircraft producer’s stock.

Several other analysts also recently commented on the stock. Jefferies Group upped their price objective on shares of Boeing from $300.00 to $312.00 and gave the company a buy rating in a report on Tuesday, November 21st. Royal Bank Of Canada set a $290.00 price objective on shares of Boeing and gave the company a hold rating in a report on Wednesday, November 15th. Nord/LB set a $250.00 price objective on shares of Boeing and gave the company a neutral rating in a report on Thursday, November 2nd. Sanford C. Bernstein upped their price objective on shares of Boeing from $303.00 to $310.00 and gave the company an outperform rating in a report on Monday, October 30th. Finally, Argus reaffirmed a buy rating and issued a $290.00 price objective (up from $270.00) on shares of Boeing in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. Boeing currently has a consensus rating of Buy and an average price target of $257.81.

Shares of Boeing (NYSE BA) opened at $271.38 on Friday. The firm has a market cap of $161,628.09, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. Boeing has a 12-month low of $150.02 and a 12-month high of $278.73.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.65 by $0.07. The business had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.51 EPS. equities analysts expect that Boeing will post 10.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Thursday, November 9th. Boeing’s dividend payout ratio is currently 52.21%.

A number of large investors have recently bought and sold shares of BA. Vanguard Group Inc. raised its position in shares of Boeing by 1.0% in the second quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after buying an additional 407,511 shares during the last quarter. State Street Corp raised its position in shares of Boeing by 0.3% in the first quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock valued at $5,028,731,000 after buying an additional 87,850 shares during the last quarter. Jennison Associates LLC raised its position in shares of Boeing by 20.3% in the third quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock valued at $1,747,218,000 after buying an additional 1,160,859 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Boeing by 7,215.0% in the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after buying an additional 4,852,679 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Boeing by 13.3% in the third quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock valued at $870,618,000 after buying an additional 402,240 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

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About Boeing

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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