The Boeing Company Given Average Rating of “Buy” by Analysts (NYSE:BA)
Shares of The Boeing Company (NYSE:BA) have received a consensus recommendation of “Buy” from the twenty-four analysts that are presently covering the company, AnalystRatings.Net reports. Seven analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $152.32.
BA has been the subject of a number of recent research reports. Analysts at RBC Capital downgraded shares of The Boeing Company from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, June 11th. They now have a $145.00 price target on the stock, up previously from $137.25. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The Boeing Company in a research note on Friday, June 6th. They now have a $144.00 price target on the stock. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of The Boeing Company in a research note on Monday, June 2nd. They now have a $164.00 price target on the stock.
The Boeing Company (NYSE:BA) traded down 0.05% during mid-day trading on Tuesday, hitting $130.78. The stock had a trading volume of 610,619 shares. The Boeing Company has a 52 week low of $96.31 and a 52 week high of $144.57. The stock’s 50-day moving average is $133.1 and its 200-day moving average is $131.1. The company has a market cap of $95.368 billion and a P/E ratio of 22.55.
The Boeing Company (NYSE:BA) last released its earnings data on Wednesday, April 23rd. The company reported $1.76 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.73 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Analysts expect that The Boeing Company will post $7.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Friday, August 8th 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 Boeing Company (NYSE:BA), is an aerospace company.
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