Boeing Stock Rating Reaffirmed by TheStreet (BA)
Boeing (NYSE:BA)‘s stock had its “buy” rating reaffirmed by equities research analysts at TheStreet in a research note issued to investors on Monday, American Banking and Market News reports.
The analysts wrote, “Boeing (BA) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+. The company’s strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.”
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG reiterated a “neutral” rating on shares of Boeing in a research note to investors on Monday, January 6th. They now have a $137.00 price target on the stock, up previously from $134.00. 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 stock. Boeing presently has an average rating of “Buy” and an average target price of $137.92.
Shares of Boeing (NYSE:BA) traded down 0.02% during mid-day trading on Monday, hitting $141.8771. The stock had a trading volume of 795,875 shares. Boeing has a 1-year low of $72.68 and a 1-year high of $142.52. The stock’s 50-day moving average is $135.5 and its 200-day moving average is $119.0. The company has a market cap of $106.6 billion and a P/E ratio of 25.21.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.80 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted $1.35 earnings per share. Boeing’s revenue was up 10.6% compared to the same quarter last year. Analysts expect that Boeing will post $6.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 7th. Investors of record on Friday, February 14th will be given a dividend of 0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, February 12th. This is an increase from Boeing’s previous quarterly dividend of $0.49.
The Boeing Company (NYSE:BA) is an aerospace company.
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