Boeing Co (NYSE:BA) Receives Consensus Rating of “Hold” from Analysts

Share on StockTwits

Boeing Co (NYSE:BA) has received a consensus recommendation of “Hold” from the twenty-seven ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $403.10.

A number of research analysts have recently issued reports on the stock. Morgan Stanley set a $500.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research report on Friday, July 19th. UBS Group reaffirmed a “buy” rating and issued a $480.00 price objective (down previously from $500.00) on shares of Boeing in a research report on Wednesday, July 10th. Citigroup set a $430.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research 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 objective on the stock in a research report on Monday, June 10th. Finally, Jefferies Financial Group cut their price objective on shares of Boeing from $448.00 to $420.00 and set a “buy” rating on the stock in a research report on Friday, July 19th.

A number of large investors have recently added to or reduced their stakes in BA. Massmutual Trust Co. FSB ADV grew its holdings in shares of Boeing by 1.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,851 shares of the aircraft producer’s stock valued at $919,000 after purchasing an additional 29 shares during the period. Cardan Capital Partners LLC grew its holdings in shares of Boeing by 1.9% in the first quarter. Cardan Capital Partners LLC now owns 1,607 shares of the aircraft producer’s stock valued at $613,000 after purchasing an additional 30 shares during the period. Haverford Trust Co. grew its holdings in shares of Boeing by 0.4% in the fourth quarter. Haverford Trust Co. now owns 7,096 shares of the aircraft producer’s stock valued at $2,288,000 after purchasing an additional 31 shares during the period. Apriem Advisors grew its holdings in shares of Boeing by 1.3% in the fourth quarter. Apriem Advisors now owns 2,459 shares of the aircraft producer’s stock valued at $793,000 after purchasing an additional 31 shares during the period. Finally, CFO4Life Group LLC grew its holdings in shares of Boeing by 5.2% in the second quarter. CFO4Life Group LLC now owns 627 shares of the aircraft producer’s stock valued at $228,000 after purchasing an additional 31 shares during the period. 68.65% of the stock is currently owned by institutional investors.

Shares of Boeing stock traded up $2.45 on Tuesday, reaching $330.45. The stock had a trading volume of 3,825,900 shares, compared to its average volume of 5,020,733. The company has a 50 day moving average price of $350.82 and a 200 day moving average price of $372.62. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. Boeing has a 1 year low of $292.47 and a 1 year high of $446.01. The stock has a market capitalization of $184.57 billion, a P/E ratio of 20.64, a P/E/G ratio of 9.71 and a beta of 1.27.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be given a dividend of $2.055 per share. This represents a $8.22 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, August 8th. Boeing’s dividend payout ratio is presently 51.34%.

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.

Further Reading: Are all No-Load Funds Equal?

Analyst Recommendations for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.