Boeing Co (BA) Receives Consensus Rating of “Buy” from Brokerages

Boeing Co (NYSE:BA) has earned an average recommendation of “Buy” from the twenty-six research firms that are covering the firm, MarketBeat reports. Eleven analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $272.49.

A number of research firms have recently commented on BA. J P Morgan Chase & Co set a $325.00 target price on Boeing and gave the company a “buy” rating in a research note on Tuesday, December 12th. Cowen reaffirmed a “buy” rating and set a $320.00 target price on shares of Boeing in a research note on Monday, December 11th. Vetr raised Boeing from a “sell” rating to a “hold” rating and set a $288.75 target price on the stock in a research note on Monday, December 11th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $290.00 target price (up previously from $270.00) on shares of Boeing in a research note on Tuesday, December 12th. Finally, Bank of America set a $320.00 target price on Boeing and gave the company a “buy” rating in a research note on Tuesday, December 12th.

Boeing (NYSE BA) opened at $297.90 on Thursday. The company has a market capitalization of $176,374.63, a P/E ratio of 30.37, a PEG ratio of 2.25 and a beta of 1.24. Boeing has a 52 week low of $154.96 and a 52 week high of $299.33. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.07. The firm had revenue of $24.31 billion for the quarter, compared to analysts’ expectations of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.51 earnings per share. sell-side analysts forecast that Boeing will post 10.11 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be paid a $1.71 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 annualized dividend and a yield of 2.30%. This is a boost from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio is 52.21%.

Boeing announced that its board has authorized a share repurchase program on Monday, December 11th that authorizes the company to buyback $18.00 billion in shares. This buyback authorization authorizes the aircraft producer to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional investors have recently bought and sold shares of the business. LMR Partners LLP purchased a new stake in Boeing during the second quarter worth $4,904,000. Allegis Investment Advisors LLC purchased a new stake in Boeing during the second quarter worth $351,000. Blair William & Co. IL lifted its holdings in Boeing by 4.1% during the second quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock worth $31,170,000 after buying an additional 6,141 shares during the period. Alps Advisors Inc. lifted its holdings in Boeing by 46.4% during the second quarter. Alps Advisors Inc. now owns 4,832 shares of the aircraft producer’s stock worth $956,000 after buying an additional 1,532 shares during the period. Finally, State of Wisconsin Investment Board lifted its holdings in Boeing by 23.2% during the second quarter. State of Wisconsin Investment Board now owns 596,657 shares of the aircraft producer’s stock worth $117,989,000 after buying an additional 112,520 shares during the period. Institutional investors own 70.85% of the company’s stock.

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About Boeing

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

Analyst Recommendations for Boeing (NYSE:BA)

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