Boeing (NYSE:BA)‘s stock had its “outperform” rating reissued by research analysts at Robert W. Baird in a research report issued to clients and investors on Tuesday, The Fly reports. They presently have a $433.00 target price on the aircraft producer’s stock, up from their previous target price of $380.00. Robert W. Baird’s price target points to a potential upside of 28.79% from the stock’s previous close. The analysts noted that the move was a valuation call.

A number of other equities research analysts also recently commented on the company. Royal Bank of Canada set a $290.00 price objective on Boeing and gave the company a “hold” rating in a report on Wednesday, November 15th. Jefferies Group boosted their target price on Boeing from $300.00 to $312.00 and gave the company a “buy” rating in a research note on Tuesday, November 21st. JPMorgan 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. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $289.00 target price for the company in a research note on Tuesday, October 10th. Finally, ValuEngine cut Boeing from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $297.58.

Shares of Boeing (NYSE:BA) opened at $336.21 on Tuesday. The firm has a market capitalization of $200,240.00, a price-to-earnings ratio of 30.93, a PEG ratio of 2.28 and a beta of 1.23. Boeing has a 52-week low of $156.75 and a 52-week high of $336.88. 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 quarterly earnings data 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 business had revenue of $24.31 billion during the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.51 earnings per share. research analysts forecast that Boeing will post 10.13 EPS for the current year.

Boeing announced that its board has initiated a stock repurchase program on Monday, December 11th that authorizes the company to buyback $18.00 billion in outstanding shares. This buyback authorization authorizes the aircraft producer to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stonehearth Capital Management LLC bought a new stake in Boeing in the fourth quarter valued at approximately $105,000. Lipe & Dalton bought a new stake in Boeing in the third quarter valued at approximately $100,000. Burt Wealth Advisors bought a new stake in Boeing in the third quarter valued at approximately $100,000. Clear Perspective Advisors LLC raised its stake in Boeing by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after buying an additional 135 shares during the period. Finally, CWH Capital Management Inc. bought a new stake in Boeing in the second quarter valued at approximately $134,000. Institutional investors and hedge funds own 70.87% of the company’s stock.

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Boeing Company Profile

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.

The Fly

Analyst Recommendations for Boeing (NYSE:BA)

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