Canaccord Genuity Increases Boeing Price Target to $160.00 (BA)
Canaccord Genuity boosted their price target on shares of Boeing (NYSE:BA) to $160.00 in a research note issued on Thursday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 10.83% from the stock’s previous close.
Boeing (NYSE:BA) opened at 144.37 on Thursday. Boeing has a 1-year low of $73.00 and a 1-year high of $144.57. The stock has a 50-day moving average of $137.3 and a 200-day moving average of $121.5. The company has a market cap of $108.5 billion and a P/E ratio of 25.65.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 7th. Stockholders 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 2.02%. The ex-dividend date of this dividend is Wednesday, February 12th. This is a boost from Boeing’s previous quarterly dividend of $0.49.
A number of other firms have also recently commented on BA. Analysts at TheStreet reiterated a “buy” rating on shares of Boeing in a research note to investors on Monday, January 13th. Separately, 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. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $139.68.
The Boeing Company (NYSE:BA) is an aerospace company.
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