Jefferies Group Reiterates “Buy” Rating for Boeing (BA)

Jefferies Group reaffirmed their buy rating on shares of Boeing (NYSE:BA) in a research report report published on Monday. Jefferies Group currently has a $339.00 price target on the aircraft producer’s stock. Jefferies Group also issued estimates for Boeing’s FY2019 earnings at $12.56 EPS, FY2020 earnings at $13.97 EPS, FY2021 earnings at $14.79 EPS and FY2022 earnings at $15.64 EPS.

Several other research analysts have also weighed in on the stock. Zacks Investment Research cut shares of Boeing from a buy rating to a hold rating in a research report on Tuesday, September 19th. Sanford C. Bernstein reissued an outperform rating and set a $303.00 price target (up previously from $274.00) on shares of Boeing in a research report on Wednesday, September 20th. They noted that the move was a valuation call. Vetr cut shares of Boeing from a hold rating to a sell rating and set a $272.77 price target on the stock. in a research report on Thursday, December 28th. ValuEngine cut shares of Boeing from a buy rating to a hold rating in a research report on Monday, October 2nd. Finally, Cowen reissued a buy rating and set a $315.00 price target (up previously from $300.00) on shares of Boeing in a research report on Friday, September 22nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $277.79.

Shares of Boeing (NYSE BA) traded up $7.86 during mid-day trading on Monday, reaching $328.12. 4,628,434 shares of the company’s stock traded hands, compared to its average volume of 3,750,000. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. The stock has a market capitalization of $195,420.00, a price-to-earnings ratio of 30.19, a PEG ratio of 2.16 and a beta of 1.23. Boeing has a one year low of $156.67 and a one year high of $328.40.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. Boeing’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.51 earnings per share. sell-side analysts anticipate that Boeing will post 10.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be issued a $1.71 dividend. This is a boost from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 annualized dividend and a yield of 2.08%. Boeing’s dividend payout ratio (DPR) is 52.25%.

Boeing announced that its Board of Directors has authorized a stock buyback plan on Monday, December 11th that permits the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization permits the aircraft producer to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Large investors have recently modified their holdings of the stock. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Boeing by 12.6% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,130 shares of the aircraft producer’s stock worth $1,792,000 after purchasing an additional 1,130 shares in the last quarter. Colony Group LLC raised its holdings in Boeing by 0.4% during the first quarter. Colony Group LLC now owns 56,233 shares of the aircraft producer’s stock worth $9,945,000 after purchasing an additional 241 shares in the last quarter. IHT Wealth Management LLC raised its holdings in Boeing by 13.3% during the first quarter. IHT Wealth Management LLC now owns 1,986 shares of the aircraft producer’s stock worth $352,000 after purchasing an additional 233 shares in the last quarter. Chemung Canal Trust Co. raised its holdings in Boeing by 1.9% during the first quarter. Chemung Canal Trust Co. now owns 24,438 shares of the aircraft producer’s stock worth $4,323,000 after purchasing an additional 449 shares in the last quarter. Finally, Bath Savings Trust Co raised its holdings in Boeing by 100.9% during the second quarter. Bath Savings Trust Co now owns 2,351 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 1,181 shares in the last quarter. 70.84% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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