Boeing (BA) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Boeing (NYSE: BA) recently:

  • 1/10/2019 – Boeing is now covered by analysts at Susquehanna Bancshares Inc. They set a “positive” rating and a $388.00 price target on the stock.
  • 1/10/2019 – Boeing was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $450.00 price target on the stock, up previously from $400.00.
  • 1/9/2019 – Boeing was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $450.00 price target on the stock, up previously from $400.00.
  • 1/9/2019 – Boeing had its “buy” rating reaffirmed by analysts at UBS Group AG.
  • 1/2/2019 – Boeing was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 12/18/2018 – Boeing had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $456.00 price target on the stock.
  • 12/18/2018 – Boeing had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $445.00 price target on the stock.
  • 12/6/2018 – Boeing had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $400.00 price target on the stock.
  • 11/26/2018 – Boeing had its “buy” rating reaffirmed by analysts at Tigress Financial.
  • 11/16/2018 – Boeing was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

NYSE:BA traded down $3.23 during trading hours on Monday, hitting $349.67. The stock had a trading volume of 51,076 shares, compared to its average volume of 4,367,332. Boeing Co has a one year low of $292.47 and a one year high of $394.28. The company has a market cap of $195.26 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 1.42 and a beta of 1.24.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.47 by $0.11. The firm had revenue of $25.15 billion during the quarter, compared to the consensus estimate of $23.84 billion. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $2.72 EPS. As a group, sell-side analysts forecast that Boeing Co will post 15.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 8th will be given a dividend of $2.055 per share. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $8.22 annualized dividend and a dividend yield of 2.35%. This is a boost from Boeing’s previous quarterly dividend of $1.71. Boeing’s dividend payout ratio (DPR) is 56.81%.

In related news, SVP Diana L. Sands sold 5,000 shares of Boeing stock in a transaction on Monday, October 29th. The shares were sold at an average price of $350.07, for a total value of $1,750,350.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jenette E. Ramos sold 1,640 shares of Boeing stock in a transaction on Friday, November 9th. The stock was sold at an average price of $367.52, for a total transaction of $602,732.80. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. grace capital purchased a new position in shares of Boeing in the second quarter valued at about $2,996,000. Krilogy Financial LLC increased its position in shares of Boeing by 3.5% in the second quarter. Krilogy Financial LLC now owns 6,953 shares of the aircraft producer’s stock valued at $2,333,000 after acquiring an additional 232 shares during the period. Morse Asset Management Inc increased its position in shares of Boeing by 3.0% in the second quarter. Morse Asset Management Inc now owns 22,919 shares of the aircraft producer’s stock valued at $7,690,000 after acquiring an additional 674 shares during the period. Cumberland Partners Ltd purchased a new position in shares of Boeing in the second quarter valued at about $4,075,000. Finally, Heritage Trust Co increased its position in shares of Boeing by 10.2% in the second quarter. Heritage Trust Co now owns 2,297 shares of the aircraft producer’s stock valued at $770,000 after acquiring an additional 213 shares during the period. Institutional investors own 69.61% of the company’s stock.

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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