Boeing (BA) Price Target Increased to $420.00 by Analysts at Jefferies Financial Group

Boeing (NYSE:BA) had its price objective upped by Jefferies Financial Group from $415.00 to $420.00 in a report published on Thursday, The Fly reports. They currently have a buy rating on the aircraft producer’s stock. Jefferies Financial Group also issued estimates for Boeing’s Q4 2018 earnings at $4.45 EPS, FY2018 earnings at $15.00 EPS, FY2019 earnings at $17.30 EPS, FY2019 earnings at $16.85 EPS, FY2020 earnings at $19.80 EPS, FY2020 earnings at $20.00 EPS, FY2021 earnings at $22.00 EPS, FY2021 earnings at $21.50 EPS, FY2022 earnings at $23.00 EPS and FY2022 earnings at $23.75 EPS.

Other research analysts have also recently issued research reports about the stock. Cowen restated a buy rating and set a $430.00 price objective on shares of Boeing in a report on Wednesday, July 25th. UBS Group boosted their price objective on shares of Boeing from $325.00 to $357.00 and gave the company a neutral rating in a report on Thursday, July 26th. Goldman Sachs Group set a $387.00 price objective on shares of Boeing and gave the company a neutral rating in a report on Wednesday. Berenberg Bank restated a buy rating and set a $430.00 price objective on shares of Boeing in a report on Monday, September 3rd. Finally, Credit Suisse Group restated a buy rating and set a $455.00 price objective on shares of Boeing in a report on Thursday, July 26th. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $410.21.

Shares of BA traded down $4.50 on Thursday, reaching $359.27. 4,067,629 shares of the company’s stock were exchanged, compared to its average volume of 4,448,657. The company has a debt-to-equity ratio of -7.65, a current ratio of 1.11 and a quick ratio of 0.32. The company has a market cap of $204.51 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 1.78 and a beta of 1.40. Boeing has a 12 month low of $255.33 and a 12 month high of $394.28.



Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.47 by $0.11. The business had revenue of $25.15 billion during the quarter, compared to the consensus estimate of $23.84 billion. Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. Boeing’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.72 earnings per share. As a group, analysts expect that Boeing will post 14.58 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 9th will be issued a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, November 8th. Boeing’s dividend payout ratio (DPR) is presently 56.81%.

Several institutional investors have recently added to or reduced their stakes in BA. CSat Investment Advisory L.P. acquired a new position in shares of Boeing in the second quarter valued at approximately $101,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of Boeing by 220.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock valued at $105,000 after buying an additional 220 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in shares of Boeing in the first quarter valued at approximately $108,000. Icon Wealth Partners LLC acquired a new position in shares of Boeing in the second quarter valued at approximately $125,000. Finally, Lucia Wealth Services LLC acquired a new position in shares of Boeing in the first quarter valued at approximately $126,000. Institutional investors own 69.71% 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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