Boeing Company (The) (NYSE:BA) has earned a consensus recommendation of “Buy” from the twenty-eight research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, fifteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $234.21.

BA has been the subject of a number of recent analyst reports. Canaccord Genuity reiterated a “hold” rating and issued a $215.00 price target (up from $200.00) on shares of Boeing Company (The) in a research report on Sunday, July 30th. Argus reiterated a “buy” rating and issued a $270.00 price target on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Buckingham Research upgraded shares of Boeing Company (The) from an “underperform” rating to a “neutral” rating in a research report on Friday, July 28th. Vetr upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 target price for the company in a research report on Monday, August 7th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Boeing Company (The) in a research report on Monday, July 10th.

Boeing Company (BA) traded up 1.54% during mid-day trading on Tuesday, reaching $249.00. 9,033,301 shares of the company’s stock traded hands. The company has a market cap of $147.18 billion, a P/E ratio of 21.82 and a beta of 1.18. Boeing Company has a 12-month low of $127.27 and a 12-month high of $249.95. The stock has a 50 day moving average of $238.70 and a 200 day moving average of $201.20.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion during the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The company’s revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the business posted ($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.

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

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In other news, SVP Heidi B. Capozzi sold 4,217 shares of Boeing Company (The) stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total transaction of $1,018,447.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The disclosure for this sale can be found here. Insiders have sold a total of 83,468 shares of company stock valued at $20,353,814 over the last three months. 0.28% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of BA. Vanguard Group Inc. grew its stake in Boeing Company (The) by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after acquiring an additional 407,511 shares during the period. State Street Corp grew its stake in Boeing Company (The) by 0.3% in the 1st quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock valued at $5,028,731,000 after acquiring an additional 87,850 shares during the period. Janus Henderson Group PLC grew its stake in 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 acquiring an additional 4,852,679 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Boeing Company (The) by 4.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,066,519 shares of the aircraft producer’s stock valued at $606,405,000 after acquiring an additional 123,420 shares during the period. Finally, LSV Asset Management grew its stake in Boeing Company (The) by 0.7% in the 2nd quarter. LSV Asset Management now owns 3,006,858 shares of the aircraft producer’s stock valued at $594,606,000 after acquiring an additional 21,804 shares during the period. 72.31% of the stock is owned by hedge funds and other institutional investors.

Boeing Company (The) Company Profile

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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