JPMorgan Chase & Co. set a $430.00 price objective on Boeing (NYSE:BA) in a research note issued to investors on Friday, TipRanks reports. The brokerage currently has a buy rating on the aircraft producer’s stock.
Other analysts have also issued research reports about the company. Goldman Sachs Group set a €135.00 ($156.98) price objective on SAP and gave the company a buy rating in a research note on Friday, July 12th. Wolfe Research set a $436.00 price objective on Boeing and gave the company a buy rating in a research note on Monday, April 8th. Credit Suisse Group set a $5.00 price objective on Maxar Technologies and gave the company a sell rating in a research note on Monday, July 15th. Zacks Investment Research raised Grana y Montero SAA from a sell rating to a hold rating in a research note on Monday, June 10th. Finally, Buckingham Research dropped their price objective on PJT Partners from $49.00 to $42.00 and set a neutral rating for the company in a research note on Thursday, July 11th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $406.06.
BA traded down $0.35 during midday trading on Friday, hitting $373.07. The stock had a trading volume of 3,249,113 shares, compared to its average volume of 4,236,944. The stock has a market capitalization of $209.79 billion, a P/E ratio of 23.30, a P/E/G ratio of 2.59 and a beta of 1.30. The company’s fifty day moving average is $360.02. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.07. Boeing has a 1 year low of $292.47 and a 1 year high of $446.01.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.11 by $0.05. The business 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%. Boeing’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.64 earnings per share. On average, research analysts expect that Boeing will post 13.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be issued a dividend of $2.055 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.20%. Boeing’s dividend payout ratio is presently 51.34%.
Institutional investors have recently made changes to their positions in the stock. Monument Capital Management raised its holdings in Boeing by 1.7% in the second quarter. Monument Capital Management now owns 7,362 shares of the aircraft producer’s stock worth $2,624,000 after purchasing an additional 120 shares in the last quarter. Reilly Financial Advisors LLC raised its holdings in Boeing by 5.2% in the second quarter. Reilly Financial Advisors LLC now owns 2,354 shares of the aircraft producer’s stock worth $857,000 after purchasing an additional 116 shares in the last quarter. World Asset Management Inc raised its holdings in Boeing by 1.8% in the second quarter. World Asset Management Inc now owns 37,462 shares of the aircraft producer’s stock worth $13,637,000 after purchasing an additional 652 shares in the last quarter. Independence Bank of Kentucky raised its holdings in Boeing by 15.0% in the second quarter. Independence Bank of Kentucky now owns 4,798 shares of the aircraft producer’s stock worth $1,747,000 after purchasing an additional 625 shares in the last quarter. Finally, Mountain Pacific Investment Advisers Inc. ID raised its holdings in Boeing by 58.3% in the second quarter. Mountain Pacific Investment Advisers Inc. ID now owns 1,900 shares of the aircraft producer’s stock worth $692,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 67.92% of the company’s stock.
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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