Boeing (NYSE:BA) Price Target Raised to $395.00

Boeing (NYSE:BA) had its target price raised by Buckingham Research from $370.00 to $395.00 in a report released on Thursday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the aircraft producer’s stock.

BA has been the subject of several other reports. JPMorgan Chase & Co. reaffirmed a hold rating and issued a $7.00 target price on shares of Deutsche Bank in a report on Thursday, April 25th. Tigress Financial reaffirmed a buy rating on shares of Boeing in a report on Wednesday, March 27th. Citigroup assumed coverage on Boeing in a report on Wednesday, March 27th. They issued a buy rating for the company. Credit Suisse Group reaffirmed a hold rating and issued a $32.00 target price on shares of CRH in a report on Thursday, April 25th. Finally, Goldman Sachs Group set a €149.00 ($173.26) target price on Airbus and gave the company a buy rating in a report on Friday, June 14th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. Boeing has a consensus rating of Hold and an average price target of $406.63.

Shares of BA opened at $365.33 on Thursday. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.07 and a quick ratio of 0.29. The business’s 50 day moving average is $356.30. The company has a market cap of $205.55 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 2.46 and a beta of 1.30. Boeing has a 52 week low of $292.47 and a 52 week high of $446.01.



Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.05. The firm had revenue of $22.92 billion during the quarter, compared to analyst estimates of $23.04 billion. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.64 EPS. On average, analysts expect that Boeing will post 13.29 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be paid a $2.055 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $8.22 annualized dividend and a yield of 2.25%. Boeing’s payout ratio is 51.34%.

Institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB lifted its stake in Boeing by 128.1% in the first quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock valued at $28,000 after purchasing an additional 41 shares during the last quarter. Next Capital Management LLC purchased a new position in Boeing in the fourth quarter valued at approximately $32,000. Clarfeld Financial Advisors LLC purchased a new position in Boeing in the fourth quarter valued at approximately $40,000. 1 North Wealth Services LLC purchased a new position in Boeing in the fourth quarter valued at approximately $40,000. Finally, Semmax Financial Advisors Inc. purchased a new position in Boeing in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 67.99% 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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