Boeing Given Neutral Rating at UBS AG (BA)
Boeing (NYSE:BA)‘s stock had its “neutral” rating reaffirmed by stock analysts at UBS AG in a report issued on Monday, AnalystRatings.Net reports. They currently have a $137.00 price objective on the stock, up from their previous price objective of $134.00. UBS AG’s price target indicates a potential downside of 0.45% from the company’s current price.
Boeing (NYSE:BA) traded up 0.73% on Monday, hitting $138.62. 2,576,568 shares of the company’s stock traded hands. Boeing has a one year low of $72.68 and a one year high of $142.00. The stock’s 50-day moving average is $135.0 and its 200-day moving average is $117.9. The company has a market cap of $104.2 billion and a P/E ratio of 24.45.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.54 by $0.26. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts predict that Boeing will post $6.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 7th. Investors of record on Friday, February 14th will be paid a dividend of 0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Wednesday, February 12th. This is an increase from Boeing’s previous quarterly dividend of $0.49.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Boeing in a research note to investors on Thursday, December 26th. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Boeing in a research note to investors on Tuesday, December 17th. They now have a $150.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Boeing from $156.00 to $160.00 in a research note to investors on Tuesday, December 17th. They now have a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $137.92.
The Boeing Company (NYSE:BA) is an aerospace company.
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