Norddeutsche Landesbank reiterated their sell rating on shares of Boeing (NYSE:BA) in a report issued on Wednesday morning. They currently have a $300.00 price objective on the aircraft producer’s stock.

BA has been the subject of a number of other reports. Morgan Stanley boosted their price objective on Boeing from $450.00 to $500.00 and gave the company an overweight rating in a research note on Thursday, February 28th. Jefferies Financial Group boosted their price objective on Boeing to $448.00 and gave the company a buy rating in a research note on Monday, February 4th. Credit Suisse Group reiterated a buy rating and set a $456.00 price objective on shares of Boeing in a research note on Tuesday, December 18th. JPMorgan Chase & Co. boosted their price objective on Boeing to $450.00 and gave the company an overweight rating in a research note on Monday, February 11th. Finally, Nord/LB reiterated a sell rating and set a $300.00 price objective on shares of Boeing in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $409.94.

Boeing stock opened at $378.99 on Wednesday. The stock has a market cap of $214.12 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.37 and a beta of 1.36. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 25.99. Boeing has a 52-week low of $292.47 and a 52-week high of $446.01.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.52 by $0.96. The company had revenue of $28.34 billion during the quarter, compared to the consensus estimate of $26.76 billion. Boeing had a negative return on equity of 4,286.60% and a net margin of 10.34%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.04 EPS. On average, sell-side analysts expect that Boeing will post 20.13 earnings per share for the current fiscal year.

Boeing declared that its board has approved a share buyback program on Monday, December 17th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the aircraft producer to repurchase up to 11.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 8th were issued a $2.055 dividend. The ex-dividend date of this dividend was Thursday, February 7th. This is a boost from Boeing’s previous quarterly dividend of $1.71. This represents a $8.22 dividend on an annualized basis and a yield of 2.17%. Boeing’s payout ratio is currently 51.34%.

In related news, EVP J Michael Luttig sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $410.46, for a total value of $3,488,910.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Heidi B. Capozzi sold 2,916 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $410.84, for a total value of $1,198,009.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,247 shares of company stock worth $28,922,977. 0.24% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its holdings in shares of Boeing by 1.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 2,851 shares of the aircraft producer’s stock worth $919,000 after acquiring an additional 29 shares in the last quarter. Howe & Rusling Inc. raised its holdings in Boeing by 1.3% during the 4th quarter. Howe & Rusling Inc. now owns 2,416 shares of the aircraft producer’s stock valued at $779,000 after buying an additional 31 shares during the period. Haverford Trust Co. raised its holdings in Boeing by 0.4% during the 4th quarter. Haverford Trust Co. now owns 7,096 shares of the aircraft producer’s stock valued at $2,288,000 after buying an additional 31 shares during the period. Apriem Advisors raised its holdings in Boeing by 1.3% during the 4th quarter. Apriem Advisors now owns 2,459 shares of the aircraft producer’s stock valued at $793,000 after buying an additional 31 shares during the period. Finally, Spectrum Management Group Inc. raised its holdings in Boeing by 0.3% during the 4th quarter. Spectrum Management Group Inc. now owns 13,140 shares of the aircraft producer’s stock valued at $4,238,000 after buying an additional 33 shares during the period. 69.78% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Boeing (NYSE:BA)

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