Canaccord Genuity Reaffirms Hold Rating for Boeing (BA)

Canaccord Genuity reissued their hold rating on shares of Boeing (NYSE:BA) in a report issued on Thursday morning, The Fly reports. They currently have a $360.00 target price on the aircraft producer’s stock, up from their previous target price of $350.00.

Several other analysts have also commented on the stock. Jefferies Financial Group lifted their price target on shares of Boeing to $410.00 and gave the company a buy rating in a research report on Thursday, September 6th. Berenberg Bank reaffirmed a buy rating and set a $430.00 price target on shares of Boeing in a research report on Monday, September 3rd. Morgan Stanley set a $400.00 price target on shares of Boeing and gave the company a hold rating in a research report on Friday, September 28th. Cowen reaffirmed a buy rating and set a $445.00 price target on shares of Boeing in a research report on Monday, October 1st. Finally, Robert W. Baird reaffirmed a buy rating and set a $450.00 price target on shares of Boeing in a research report on Monday, August 13th. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $410.21.

Shares of BA stock traded down $4.50 during trading on Thursday, hitting $359.27. 4,073,120 shares of the stock traded hands, compared to its average volume of 4,119,009. The firm has a market cap of $204.02 billion, a PE ratio of 23.41, a PEG ratio of 1.73 and a beta of 1.40. The company has a debt-to-equity ratio of 8.07, a quick ratio of 0.32 and a current ratio of 1.10. Boeing has a 52-week low of $255.33 and a 52-week high of $394.28.



Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.47 by $0.11. The firm had revenue of $25.15 billion for the quarter, compared to analyst estimates of $23.84 billion. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.72 EPS. Equities research analysts predict that Boeing will post 15.05 EPS for the current fiscal year.

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

A number of institutional investors have recently bought and sold shares of the stock. CSat Investment Advisory L.P. acquired a new position in shares of Boeing in the second quarter worth $101,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake 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 worth $105,000 after acquiring an additional 220 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of Boeing in the first quarter worth $108,000. Icon Wealth Partners LLC acquired a new position in shares of Boeing in the second quarter worth $125,000. Finally, Lucia Wealth Services LLC acquired a new position in shares of Boeing in the first quarter worth $126,000. Hedge funds and other 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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