UBS Group Reiterates $470.00 Price Target for Boeing (NYSE:BA)

UBS Group set a $470.00 price objective on Boeing (NYSE:BA) in a research note published on Monday, AnalystRatings.com reports. The brokerage currently has a buy rating on the aircraft producer’s stock.

A number of other analysts also recently weighed in on BA. Credit Suisse Group reissued a buy rating and issued a $425.00 price target on shares of Boeing in a report on Thursday, July 25th. Cowen set a $460.00 price target on shares of Boeing and gave the company a buy rating in a report on Friday, July 19th. Citigroup set a $430.00 price target on shares of Boeing and gave the company a buy rating in a report on Monday, July 15th. Zacks Investment Research raised shares of Boeing from a strong sell rating to a hold rating and set a $301.00 price target for the company in a report on Monday, June 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Boeing from $430.00 to $425.00 and set an overweight rating for the company in a report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $402.65.

NYSE BA opened at $375.63 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. The company has a fifty day simple moving average of $347.54 and a 200 day simple moving average of $366.44. The company has a market cap of $207.92 billion, a P/E ratio of 24.41, a P/E/G ratio of 10.93 and a beta of 1.25. Boeing has a 1 year low of $292.47 and a 1 year high of $446.01.



Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $1.07. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The business had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.05 billion. During the same period in the prior year, the firm earned $3.33 EPS. Boeing’s quarterly revenue was down 35.1% compared to the same quarter last year. Equities research analysts forecast that Boeing will post 4.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were issued a dividend of $2.055 per share. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, August 8th. Boeing’s payout ratio is 51.34%.

Several large investors have recently added to or reduced their stakes in the company. Fishman Jay A Ltd. MI increased its position in shares of Boeing by 4.0% during the 4th quarter. Fishman Jay A Ltd. MI now owns 47,535 shares of the aircraft producer’s stock worth $15,330,000 after purchasing an additional 1,830 shares in the last quarter. Castle Rock Wealth Management LLC increased its position in Boeing by 36.1% in the 4th quarter. Castle Rock Wealth Management LLC now owns 1,315 shares of the aircraft producer’s stock valued at $540,000 after acquiring an additional 349 shares in the last quarter. Geode Capital Management LLC increased its position in Boeing by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 6,262,103 shares of the aircraft producer’s stock valued at $2,015,856,000 after acquiring an additional 214,945 shares in the last quarter. Thoroughbred Financial Services LLC acquired a new stake in Boeing in the 4th quarter valued at about $5,325,000. Finally, RMB Capital Management LLC increased its position in Boeing by 24.2% in the 4th quarter. RMB Capital Management LLC now owns 8,754 shares of the aircraft producer’s stock valued at $2,823,000 after acquiring an additional 1,706 shares in the last quarter. 67.98% of the stock is owned by institutional investors.

About Boeing

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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