Boeing Company (The)’s (BA) “Hold” Rating Reaffirmed at Canaccord Genuity

Boeing Company (The)’s (BA) “Hold” Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity restated their hold rating on shares of Boeing Company (The) (NYSE:BA) in a research note published on Sunday. Canaccord Genuity currently has a $162.00 price objective on the aircraft producer’s stock, up from their previous price objective of $150.00.

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

Shares of Boeing Company (NYSE:BA) traded down 0.84% during midday trading on Friday, hitting $167.70. 4,883,230 shares of the stock traded hands. The firm’s 50 day moving average price is $158.42 and its 200 day moving average price is $142.03. Boeing Company has a 12-month low of $102.10 and a 12-month high of $170.00. The company has a market capitalization of $103.50 billion, a PE ratio of 22.04 and a beta of 1.05.

Boeing Company (The) (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 25th. The aircraft producer reported $2.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.13. Boeing Company (The) had a return on equity of 239.48% and a net margin of 5.18%. The business earned $23.30 billion during the quarter, compared to analyst estimates of $23.25 billion. During the same period in the previous year, the firm earned $1.60 EPS. Boeing Company (The)’s quarterly revenue was down 1.2% compared to the same quarter last year. Analysts expect that Boeing Company will post $9.30 EPS for the current year.

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

In other news, EVP J Michael Luttig sold 200,754 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was 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 can be accessed through the SEC website. 0.58% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. Capital World Investors increased its position in shares of Boeing Company (The) by 5.7% in the third quarter. Capital World Investors now owns 50,414,174 shares of the aircraft producer’s stock worth $6,641,563,000 after buying an additional 2,737,375 shares during the period. Capital Research Global Investors increased its stake in shares of Boeing Company (The) by 4.3% in the third quarter. Capital Research Global Investors now owns 20,586,605 shares of the aircraft producer’s stock worth $2,712,079,000 after buying an additional 857,985 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Boeing Company (The) by 2.5% in the third quarter. BlackRock Fund Advisors now owns 8,150,012 shares of the aircraft producer’s stock worth $1,073,683,000 after buying an additional 195,326 shares during the last quarter. Morgan Stanley increased its stake in shares of Boeing Company (The) by 27.0% in the third quarter. Morgan Stanley now owns 5,580,896 shares of the aircraft producer’s stock worth $735,229,000 after buying an additional 1,186,424 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of Boeing Company (The) by 10.5% in the third quarter. LSV Asset Management now owns 2,914,844 shares of the aircraft producer’s stock worth $384,001,000 after buying an additional 276,100 shares during the last quarter. Institutional investors own 74.50% of the company’s stock.

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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