Deutsche Bank reaffirmed their buy rating on shares of Boeing (NYSE:BA) in a research report sent to investors on Friday, Stock Target Advisor reports.

A number of other equities analysts have also weighed in on the stock. Cowen set a $460.00 price target on shares of Boeing and gave the company a buy rating in a report on Friday, October 11th. Morgan Stanley decreased their price target on shares of Boeing from $500.00 to $450.00 and set an overweight rating on the stock in a report on Thursday, October 24th. Canaccord Genuity decreased their price target on shares of Boeing from $380.00 to $370.00 and set a hold rating on the stock in a report on Thursday, October 24th. Credit Suisse Group lowered shares of Boeing from an outperform rating to a neutral rating and decreased their price target for the company from $416.00 to $323.00 in a report on Monday, October 21st. Finally, UBS Group upgraded shares of Boeing from a neutral rating to a buy rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. Boeing currently has a consensus rating of Hold and an average target price of $379.30.

NYSE BA traded down $6.31 during mid-day trading on Friday, reaching $351.00. 3,117,554 shares of the stock were exchanged, compared to its average volume of 5,364,701. Boeing has a 1-year low of $292.47 and a 1-year high of $446.01. The business’s fifty day simple moving average is $362.82 and its 200 day simple moving average is $358.59. The stock has a market capitalization of $201.64 billion, a PE ratio of 21.92, a PEG ratio of 39.90 and a beta of 1.24. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.31 and a current ratio of 1.11.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.04 by ($0.59). Boeing had a negative return on equity of 367.68% and a net margin of 4.37%. The firm had revenue of $19.98 billion for the quarter, compared to analyst estimates of $20 billion. During the same quarter last year, the business posted $3.58 EPS. The firm’s revenue was down 20.5% compared to the same quarter last year. On average, analysts anticipate that Boeing will post 1.02 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a dividend of $2.055 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $8.22 annualized dividend and a dividend yield of 2.34%. Boeing’s payout ratio is 51.34%.

Several large investors have recently bought and sold shares of the stock. Vanguard Capital Wealth Advisors increased its stake in Boeing by 0.4% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 6,730 shares of the aircraft producer’s stock worth $2,560,000 after buying an additional 29 shares during the period. Pflug Koory LLC increased its stake in Boeing by 0.6% during the 3rd quarter. Pflug Koory LLC now owns 5,398 shares of the aircraft producer’s stock worth $2,054,000 after buying an additional 30 shares during the period. LeJeune Puetz Investment Counsel LLC increased its position in shares of Boeing by 0.3% in the 3rd quarter. LeJeune Puetz Investment Counsel LLC now owns 10,904 shares of the aircraft producer’s stock worth $4,149,000 after purchasing an additional 30 shares during the last quarter. Lesa Sroufe & Co increased its position in shares of Boeing by 2.4% in the 3rd quarter. Lesa Sroufe & Co now owns 1,292 shares of the aircraft producer’s stock worth $492,000 after purchasing an additional 30 shares during the last quarter. Finally, OLD Dominion Capital Management Inc. increased its position in shares of Boeing by 0.8% in the 3rd quarter. OLD Dominion Capital Management Inc. now owns 3,587 shares of the aircraft producer’s stock worth $1,365,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 67.84% of the company’s stock.

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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