The Boeing Company Receives Average Rating of “Buy” from Brokerages (NYSE:BA)
Shares of The Boeing Company (NYSE:BA) have been given a consensus recommendation of “Buy” by the twenty-six brokerages that are presently covering the company, Analyst Ratings Network reports. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $150.33.
The Boeing Company (NYSE:BA) opened at 120.71 on Tuesday. The Boeing Company has a 1-year low of $101.77 and a 1-year high of $144.57. The stock’s 50-day moving average is $127.2 and its 200-day moving average is $128.8. The company has a market cap of $86.985 billion and a P/E ratio of 18.17.
The Boeing Company (NYSE:BA) last announced its earnings results on Wednesday, July 23rd. The company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.44. The company had revenue of $22.05 billion for the quarter, compared to the consensus estimate of $22.47 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that The Boeing Company will post $8.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Wednesday, August 6th.
BA has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Boeing Company in a research note on Thursday, July 24th. They now have a $168.00 price target on the stock, up previously from $167.00. Separately, analysts at ING Group downgraded shares of The Boeing Company from a “buy” rating to a “neutral” rating in a research note on Thursday, July 24th. They now have a $140.00 price target on the stock, down previously from $154.00. Finally, analysts at Sterne Agee reiterated a “hold” rating on shares of The Boeing Company in a research note on Thursday, July 24th. They now have a $140.00 price target on the stock, down previously from $154.00.
The Boeing Company (NYSE:BA) is an aerospace company.
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