Boeing (BA) Stock Rating Lowered by Vetr

Vetr lowered shares of Boeing (NYSE:BA) from a sell rating to a strong sell rating in a research report report published on Wednesday. Vetr currently has $279.35 price objective on the aircraft producer’s stock.

A number of other equities research analysts also recently weighed in on the company. Jefferies Group reissued a buy rating and set a $339.00 target price on shares of Boeing in a research report on Monday, January 8th. Zacks Investment Research downgraded Boeing from a buy rating to a hold rating in a research report on Wednesday, January 3rd. Buckingham Research set a $203.00 target price on Boeing and gave the stock a hold rating in a research report on Thursday, December 28th. Cowen reissued a buy rating and set a $320.00 target price on shares of Boeing in a research report on Monday, December 11th. Finally, JPMorgan Chase & Co. set a $325.00 price objective on Boeing and gave the company a buy rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. Boeing has an average rating of Hold and an average price target of $280.74.

Boeing (BA) traded up $8.09 during mid-day trading on Wednesday, reaching $336.21. The company had a trading volume of 6,556,533 shares, compared to its average volume of 3,940,000. Boeing has a fifty-two week low of $156.75 and a fifty-two week high of $336.88. The firm has a market capitalization of $200,240.00, a P/E ratio of 30.93, a PEG ratio of 2.28 and a beta of 1.23. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The business had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. During the same period last year, the business earned $3.51 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. research analysts predict that Boeing will post 10.13 EPS for the current fiscal year.

Boeing declared that its board has initiated a share repurchase plan on Monday, December 11th that permits the company to repurchase $18.00 billion in shares. This repurchase authorization permits the aircraft producer to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be paid a $1.71 dividend. The ex-dividend date is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.03%. This is a boost from Boeing’s previous quarterly dividend of $1.42. Boeing’s payout ratio is 52.25%.

Large investors have recently bought and sold shares of the company. LMR Partners LLP bought a new position in shares of Boeing in the second quarter valued at approximately $4,904,000. Allegis Investment Advisors LLC bought a new position in shares of Boeing in the second quarter valued at approximately $351,000. Blair William & Co. IL raised its stake in shares of Boeing by 4.1% in the second quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock valued at $31,170,000 after acquiring an additional 6,141 shares during the last quarter. Alps Advisors Inc. raised its stake in shares of Boeing by 46.4% in the second quarter. Alps Advisors Inc. now owns 4,832 shares of the aircraft producer’s stock valued at $956,000 after acquiring an additional 1,532 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its stake in shares of Boeing by 23.2% in the second quarter. State of Wisconsin Investment Board now owns 596,657 shares of the aircraft producer’s stock valued at $117,989,000 after acquiring an additional 112,520 shares during the last quarter. Institutional investors own 70.84% of the company’s stock.

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About Boeing

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

To view Vetr’s full report, visit Vetr’s official website.

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