The Boeing Company Given Average Rating of “Buy” by Brokerages (NYSE:BA)
The Boeing Company (NYSE:BA) has been given an average recommendation of “Buy” by the twenty-six analysts that are covering the stock, Analyst Ratings News reports. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $148.39.
BA has been the subject of a number of recent research reports. Analysts at Wolfe Research initiated coverage on shares of The Boeing Company in a research note on Tuesday. They set an “outperform” rating on the stock. Separately, 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. Finally, 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.
In other The Boeing Company news, SVP Shephard Hill sold 65,820 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $130.77, for a total value of $8,607,281.40. Following the completion of the sale, the senior vice president now directly owns 62,625 shares in the company, valued at approximately $8,189,471. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of The Boeing Company (NYSE:BA) traded down 0.11% on Friday, hitting $131.07. The stock had a trading volume of 739,821 shares. The Boeing Company has a one year low of $96.31 and a one year high of $144.57. The stock has a 50-day moving average of $128.0 and a 200-day moving average of $131.0. The company has a market cap of $95.579 billion and a price-to-earnings ratio of 22.61.
The Boeing Company (NYSE:BA) last released its earnings data on Wednesday, April 23rd. The company reported $1.76 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.73 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts predict that The Boeing Company will post $7.64 earnings per share 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 2.23%. The ex-dividend date of this dividend is Wednesday, May 7th.
The Boeing Company (NYSE:BA) is an aerospace company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.