Boeing Company (The) (BA) Given Buy Rating at Cowen and Company

Cowen and Company restated their buy rating on shares of Boeing Company (The) (NYSE:BA) in a research report report published on Tuesday. The brokerage currently has a $300.00 price target on the aircraft producer’s stock.

A number of other brokerages have also recently issued reports on BA. Argus reissued a buy rating and set a $270.00 price objective on shares of Boeing Company (The) in a report on Tuesday, August 1st. Canaccord Genuity reissued a hold rating and set a $215.00 price objective (up from $200.00) on shares of Boeing Company (The) in a report on Sunday, July 30th. Vetr raised Boeing Company (The) from a sell rating to a buy rating and set a $253.33 price objective for the company in a report on Monday, July 31st. J P Morgan Chase & Co lifted their price objective on Boeing Company (The) from $20.00 to $280.00 and gave the company an overweight rating in a report on Monday, July 31st. Finally, Vertical Research reissued a hold rating and set a $242.00 price objective (up from $187.00) on shares of Boeing Company (The) in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $233.03.

Shares of Boeing Company (NYSE BA) opened at 249.00 on Tuesday. The firm has a market capitalization of $147.18 billion, a PE ratio of 21.82 and a beta of 1.18. The firm’s 50 day moving average is $238.70 and its 200-day moving average is $201.20. Boeing Company has a one year low of $127.27 and a one year high of $249.95.

Boeing Company (The) (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.23. The company had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The business’s revenue was down 8.1% on a year-over-year basis. During the same period last year, the business earned ($0.44) earnings per share. On average, equities research analysts predict that Boeing Company will post $9.99 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were given a dividend of $1.42 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $5.68 annualized dividend and a dividend yield of 2.28%. Boeing Company (The)’s payout ratio is currently 49.74%.

In related news, CFO Gregory D. Smith sold 19,757 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $245.42, for a total value of $4,848,762.94. Following the completion of the transaction, the chief financial officer now directly owns 152,195 shares in the company, valued at approximately $37,351,696.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $243.46, for a total value of $13,837,779.48. Following the completion of the transaction, the chairman now owns 127,778 shares of the company’s stock, valued at $31,108,831.88. The disclosure for this sale can be found here. Insiders sold a total of 83,468 shares of company stock valued at $20,353,814 over the last quarter. 0.28% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of BA. Janus Henderson Group PLC grew its position in shares of Boeing Company (The) by 7,215.0% in the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after purchasing an additional 4,852,679 shares during the period. Harbour Capital Advisors LLC grew its position in shares of Boeing Company (The) by 18,613.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock valued at $6,787,000 after purchasing an additional 1,334,957 shares during the period. AQR Capital Management LLC grew its position in shares of Boeing Company (The) by 66.5% in the 1st quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after purchasing an additional 1,049,546 shares during the period. Koch Industries Inc. grew its position in shares of Boeing Company (The) by 61,128.7% in the 2nd quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock valued at $846,000 after purchasing an additional 848,467 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Boeing Company (The) by 63.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,442,748 shares of the aircraft producer’s stock valued at $285,303,000 after purchasing an additional 561,343 shares during the period. Institutional investors and hedge funds own 72.31% of the company’s stock.

About Boeing Company (The)

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.

Analyst Recommendations for Boeing Company (The) (NYSE:BA)

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