Vetr upgraded shares of Boeing (NYSE:BA) from a sell rating to a hold rating in a research note issued to investors on Monday morning. The brokerage currently has $323.91 target price on the aircraft producer’s stock.

A number of other equities research analysts have also commented on the company. Bank of America reaffirmed a buy rating and set a $470.00 price target (up previously from $395.00) on shares of Boeing in a research report on Thursday, February 1st. Credit Suisse Group set a $443.00 price target on Boeing and gave the stock an outperform rating in a research report on Thursday, February 1st. Societe Generale set a $373.00 price target on Boeing and gave the stock a neutral rating in a research report on Thursday, February 1st. Canaccord Genuity raised their price target on Boeing from $290.00 to $345.00 and gave the stock a hold rating in a research report on Thursday, February 1st. Finally, Sanford C. Bernstein raised their price target on Boeing from $402.00 to $422.00 in a research report on Friday, February 2nd. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $349.00.

Boeing (BA) opened at $348.12 on Monday. Boeing has a one year low of $163.69 and a one year high of $361.45. The company has a quick ratio of 0.37, a current ratio of 1.16 and a debt-to-equity ratio of 23.74. The firm has a market capitalization of $207,330.00, a PE ratio of 25.86, a price-to-earnings-growth ratio of 1.81 and a beta of 1.44.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, beating the consensus estimate of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The firm had revenue of $25.37 billion for the quarter, compared to analyst estimates of $24.78 billion. During the same quarter in the prior year, the firm posted $2.47 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. equities research analysts expect that Boeing will post 14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 1.96%. This is an increase from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date is Thursday, February 8th. Boeing’s dividend payout ratio (DPR) is currently 42.20%.

Boeing declared that its board has authorized a share buyback plan on Monday, December 11th that authorizes the company to repurchase $18.00 billion in shares. This repurchase authorization authorizes the aircraft producer to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

A number of hedge funds have recently bought and sold shares of BA. Janus Henderson Group PLC grew its stake in Boeing by 7,215.0% in the second 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 in the last quarter. Jennison Associates LLC boosted its stake in shares of Boeing by 20.3% during the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock worth $1,747,218,000 after acquiring an additional 1,160,859 shares during the period. Koch Industries Inc. boosted its stake in shares of Boeing by 61,128.7% during the 2nd quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock worth $846,000 after acquiring an additional 848,467 shares during the period. Stifel Financial Corp boosted its stake in shares of Boeing by 19,958.0% during the 3rd quarter. Stifel Financial Corp now owns 833,410 shares of the aircraft producer’s stock worth $212,108,000 after acquiring an additional 829,255 shares during the period. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in shares of Boeing by 28,537.7% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 782,669 shares of the aircraft producer’s stock worth $198,962,000 after acquiring an additional 779,936 shares during the period. Hedge funds and other institutional investors own 70.78% 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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