Boeing Company (The) (BA) Receives Overweight Rating from Barclays PLC

Boeing Company (The) (BA) Receives Overweight Rating from Barclays PLC

Boeing Company (The) (NYSE:BA)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays PLC in a research note issued on Sunday. They currently have a $175.00 price target on the aircraft producer’s stock. Barclays PLC’s target price points to a potential upside of 4.35% from the company’s previous close.

Several other research firms have also weighed in on BA. Zacks Investment Research lowered shares of Boeing Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th. Royal Bank Of Canada initiated coverage on shares of Boeing Company (The) in a report on Thursday, January 12th. They set an “underperform” rating and a $136.00 price objective for the company. Vetr raised shares of Boeing Company (The) from a “sell” rating to a “hold” rating and set a $153.66 price objective for the company in a report on Thursday, December 22nd. RBC Capital Markets reissued a “sell” rating and set a $136.00 price target on shares of Boeing Company (The) in a research note on Thursday. Finally, Argus increased their price target on shares of Boeing Company (The) from $143.31 to $160.00 and gave the company a “buy” rating in a research note on Friday, October 28th. Seven investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $152.68.

Boeing Company (NYSE:BA) traded down 0.84% on Friday, hitting $167.70. The company’s stock had a trading volume of 4,883,230 shares. The company has a market capitalization of $103.50 billion, a P/E ratio of 22.04 and a beta of 1.05. The company has a 50 day moving average price of $158.42 and a 200-day moving average price of $142.03. Boeing Company has a 1-year low of $102.10 and a 1-year high of $170.00.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 25th. The aircraft producer reported $2.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.34 by $0.13. The company earned $23.30 billion during the quarter, compared to analyst estimates of $23.25 billion. Boeing Company (The) had a net margin of 5.18% and a return on equity of 239.48%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business posted $1.60 earnings per share. On average, equities analysts forecast that Boeing Company will post $9.30 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. Investors of record on Friday, February 10th will be issued a dividend of $1.42 per share. This is an increase from Boeing Company (The)’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Wednesday, February 8th. This represents a $5.68 annualized dividend and a dividend yield of 3.39%. Boeing Company (The)’s payout ratio is presently 56.99%.

In related news, EVP J Michael Luttig sold 200,754 shares of Boeing Company (The) stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $142.46, for a total transaction of $28,599,414.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.58% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Kernodle & Katon Asset Management Group LLC acquired a new stake in Boeing Company (The) during the third quarter worth about $102,000. Jackson Grant Investment Advisers Inc. increased its stake in Boeing Company (The) by 124.9% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 830 shares of the aircraft producer’s stock worth $109,000 after buying an additional 461 shares in the last quarter. Timber Creek Capital Management LLC increased its stake in Boeing Company (The) by 325.0% in the third quarter. Timber Creek Capital Management LLC now owns 850 shares of the aircraft producer’s stock worth $111,000 after buying an additional 650 shares in the last quarter. MV Capital Management Inc. increased its stake in Boeing Company (The) by 0.7% in the third quarter. MV Capital Management Inc. now owns 919 shares of the aircraft producer’s stock worth $121,000 after buying an additional 6 shares in the last quarter. Finally, Global X Management Co. LLC increased its stake in Boeing Company (The) by 46.8% in the third quarter. Global X Management Co. LLC now owns 938 shares of the aircraft producer’s stock worth $124,000 after buying an additional 299 shares in the last quarter. 74.50% of the stock is owned by hedge funds and other institutional investors.

Boeing Company (The) Company Profile

The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.

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