Goldman Sachs Group restated their neutral rating on shares of Boeing (NYSE:BA) in a report released on Friday, Borsen Zeitung reports. Goldman Sachs Group currently has a $375.00 price target on the aircraft producer’s stock.

Several other research firms also recently commented on BA. Bank of America set a $420.00 price objective on shares of Boeing and gave the stock a hold rating in a report on Thursday, June 27th. Cowen downgraded shares of Total System Services from an outperform rating to a market perform rating in a report on Wednesday, May 29th. Credit Suisse Group reiterated a hold rating and issued a $32.00 target price on shares of CRH in a research note on Thursday, April 25th. Zacks Investment Research upgraded shares of Grana y Montero SAA from a sell rating to a hold rating in a research note on Monday, June 10th. Finally, Buckingham Research lowered their target price on shares of PJT Partners from $49.00 to $42.00 and set a neutral rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. Boeing presently has a consensus rating of Hold and an average price target of $406.63.

BA opened at $365.33 on Friday. The business has a 50 day simple moving average of $356.30. The company has a market cap of $205.55 billion, a P/E ratio of 22.82, a PEG ratio of 2.46 and a beta of 1.30. Boeing has a 12 month low of $292.47 and a 12 month high of $446.01. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.07.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported $3.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.11 by $0.05. The company had revenue of $22.92 billion during the quarter, compared to the consensus estimate of $23.04 billion. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. Boeing’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $3.64 EPS. As a group, equities analysts anticipate that Boeing will post 13.29 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a $2.055 dividend. This represents a $8.22 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, August 8th. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

A number of institutional investors have recently made changes to their positions in BA. Gantzert Investment Co. LLC ADV acquired a new position in shares of Boeing during the 4th quarter worth about $2,348,000. OLD National Bancorp IN raised its holdings in Boeing by 4.7% in the 4th quarter. OLD National Bancorp IN now owns 14,659 shares of the aircraft producer’s stock valued at $4,727,000 after acquiring an additional 658 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Boeing by 8.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 5,352 shares of the aircraft producer’s stock valued at $1,726,000 after acquiring an additional 429 shares in the last quarter. Shufro Rose & Co. LLC raised its holdings in Boeing by 8.4% in the 4th quarter. Shufro Rose & Co. LLC now owns 2,590 shares of the aircraft producer’s stock valued at $835,000 after acquiring an additional 200 shares in the last quarter. Finally, Pettinga Financial Advisors LLC acquired a new position in Boeing in the 4th quarter valued at approximately $379,000. 67.99% of the stock is currently owned by institutional investors and hedge funds.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Analyst Recommendations for Boeing (NYSE:BA)

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