UBS Group set a $470.00 price objective on Boeing (NYSE:BA) in a research report sent to investors on Monday morning, AnalystRatings.com reports. The brokerage currently has a buy rating on the aircraft producer’s stock.

Other research analysts have also recently issued reports about the stock. Morgan Stanley set a $500.00 target price on shares of Boeing and gave the stock a buy rating in a report on Friday, July 19th. Citigroup set a $430.00 target price on shares of Boeing and gave the stock a buy rating in a report on Monday, July 15th. Credit Suisse Group reissued a buy rating and set a $425.00 price objective on shares of Boeing in a report on Thursday, July 25th. Jefferies Financial Group decreased their price objective on shares of Boeing from $448.00 to $420.00 and set a buy rating for the company in a report on Friday, July 19th. Finally, Buckingham Research set a $395.00 price objective on shares of Boeing and gave the company a hold rating in a report on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $402.65.

Shares of Boeing stock opened at $382.94 on Monday. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.03. The stock has a market capitalization of $201.89 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 10.62 and a beta of 1.25. Boeing has a 52-week low of $292.47 and a 52-week high of $446.01. The company has a 50-day simple moving average of $347.54 and a two-hundred day simple moving average of $366.44.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $1.07. The business had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The business’s revenue for the quarter was down 35.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.33 earnings per share. As a group, equities research analysts forecast that Boeing will post 4.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were given a dividend of $2.055 per share. The ex-dividend date was Thursday, August 8th. This represents a $8.22 annualized dividend and a yield of 2.15%. Boeing’s dividend payout ratio (DPR) is 51.34%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Boeing by 0.7% during the second quarter. Vanguard Group Inc. now owns 40,214,155 shares of the aircraft producer’s stock valued at $14,638,355,000 after buying an additional 275,250 shares during the period. Price T Rowe Associates Inc. MD grew its position in Boeing by 7.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 35,740,551 shares of the aircraft producer’s stock valued at $13,009,918,000 after buying an additional 2,607,364 shares during the period. BlackRock Inc. grew its position in Boeing by 0.8% during the second quarter. BlackRock Inc. now owns 34,081,637 shares of the aircraft producer’s stock valued at $12,406,056,000 after buying an additional 264,410 shares during the period. Newport Trust Co grew its position in Boeing by 1.0% during the second quarter. Newport Trust Co now owns 30,669,091 shares of the aircraft producer’s stock valued at $11,163,856,000 after buying an additional 298,466 shares during the period. Finally, FMR LLC grew its position in Boeing by 26.5% during the first quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock valued at $4,211,577,000 after buying an additional 2,311,630 shares during the period. Institutional investors own 67.98% of the company’s stock.

About Boeing

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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