The Boeing Company Coverage Initiated at Wolfe Research (BA)
Stock analysts at Wolfe Research assumed coverage on shares of The Boeing Company (NYSE:BA) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee reiterated a “buy” rating on shares of The Boeing Company in a research note on Monday. They now have a $164.00 price target on the stock. Separately, analysts at CRT Capital raised their price target on shares of The Boeing Company from $148.00 to $165.00 in a research note on Monday, May 5th. They now have a “buy” rating on the stock. Finally, analysts at Argus raised their price target on shares of The Boeing Company from $150.00 to $161.00 in a research note on Friday, May 2nd. They now have a “buy” rating on the stock. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $147.50.
The Boeing Company (NYSE:BA) opened at 132.60 on Tuesday. The Boeing Company has a 52 week low of $94.10 and a 52 week high of $144.57. The stock’s 50-day moving average is $127.2 and its 200-day moving average is $131.0. The company has a market cap of $96.695 billion and a price-to-earnings ratio of 22.60.
The Boeing Company (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.56 by $0.20. The company had revenue of $20.47 billion for the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter last year, the company posted $1.73 earnings per share. The Boeing Company’s revenue was up 8.3% compared to the same quarter last year. Analysts expect that The Boeing Company will post $7.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 6th. Investors of record on Friday, May 9th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, May 7th.
In other The Boeing Company news, SVP Shephard Hill sold 65,820 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $130.77, for a total transaction of $8,607,281.40. Following the completion of the sale, the senior vice president now directly owns 62,625 shares of the company’s stock, valued at approximately $8,189,471. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
The Boeing Company (NYSE:BA) is an aerospace company.
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