ValuEngine downgraded shares of Boeing (NYSE:BA) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group raised their price objective on Boeing to $410.00 and gave the company a buy rating in a report on Thursday, September 6th. Berenberg Bank restated a buy rating and issued a $430.00 price objective on shares of Boeing in a report on Monday, September 3rd. UBS Group started coverage on Boeing in a report on Wednesday, August 15th. They issued a buy rating and a $515.00 price objective for the company. Robert W. Baird reiterated a buy rating and issued a $450.00 target price on shares of Boeing in a research note on Monday, August 13th. Finally, Credit Suisse Group reiterated a buy rating and issued a $455.00 target price on shares of Boeing in a research note on Thursday, July 26th. Eight equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $410.21.

BA stock opened at $335.95 on Friday. The stock has a market cap of $190.78 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 1.62 and a beta of 1.30. The company has a debt-to-equity ratio of 8.07, a current ratio of 1.10 and a quick ratio of 0.32. Boeing has a 1 year low of $262.03 and a 1 year high of $394.28.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.47 by $0.11. The company had revenue of $25.15 billion during the quarter, compared to analysts’ expectations of $23.84 billion. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. Boeing’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.72 EPS. As a group, sell-side analysts forecast that Boeing will post 15.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be given a dividend of $1.71 per share. The ex-dividend date is Thursday, November 8th. This represents a $6.84 annualized dividend and a yield of 2.04%. Boeing’s dividend payout ratio (DPR) is presently 56.81%.

In other Boeing news, SVP Jenette E. Ramos sold 1,640 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $367.52, for a total transaction of $602,732.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Diana L. Sands sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $350.07, for a total transaction of $1,750,350.00. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. OmniStar Financial Group Inc. raised its position in shares of Boeing by 5.4% in the third quarter. OmniStar Financial Group Inc. now owns 5,709 shares of the aircraft producer’s stock valued at $2,123,000 after buying an additional 294 shares in the last quarter. B. Riley Wealth Management Inc. acquired a new stake in shares of Boeing in the third quarter valued at approximately $704,000. Beaton Management Co. Inc. raised its position in shares of Boeing by 11.6% in the third quarter. Beaton Management Co. Inc. now owns 4,797 shares of the aircraft producer’s stock valued at $1,784,000 after buying an additional 500 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Boeing by 1.2% in the third quarter. Neuberger Berman Group LLC now owns 1,616,548 shares of the aircraft producer’s stock valued at $601,194,000 after buying an additional 19,957 shares in the last quarter. Finally, Kentucky Retirement Systems acquired a new stake in shares of Boeing in the third quarter valued at approximately $7,791,000. Hedge funds and other institutional investors own 70.13% of the company’s stock.

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Boeing (NYSE:BA)

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