Boeing (NYSE:BA) Given New $395.00 Price Target at Buckingham Research

Boeing (NYSE:BA) had its target price hoisted by Buckingham Research from $370.00 to $395.00 in a research note released on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the aircraft producer’s stock.

A number of other research analysts have also recently commented on BA. Norddeutsche Landesbank reissued a sell rating and issued a $300.00 target price on shares of Boeing in a research note on Wednesday, March 13th. Cowen cut Total System Services from an outperform rating to a market perform rating in a research note on Wednesday, May 29th. Citigroup began coverage on Boeing in a research note on Wednesday, March 27th. They issued a buy rating on the stock. Goldman Sachs Group set a €149.00 ($173.26) target price on Airbus and gave the company a buy rating in a research note on Friday, June 14th. Finally, JPMorgan Chase & Co. reissued a hold rating and issued a $7.00 target price on shares of Deutsche Bank in a research note on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. Boeing presently has an average rating of Hold and an average target price of $406.63.

Boeing stock opened at $365.33 on Thursday. The company has a market capitalization of $205.55 billion, a PE ratio of 23.49, a P/E/G ratio of 2.46 and a beta of 1.30. Boeing has a fifty-two week low of $292.47 and a fifty-two week high of $446.01. The stock has a fifty day moving average price of $356.30. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 EPS for the quarter, beating the Zacks’ consensus estimate of $3.11 by $0.05. The business had revenue of $22.92 billion for the quarter, compared to analysts’ expectations of $23.04 billion. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. The firm’s revenue 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. As a group, equities research analysts forecast that Boeing will post 13.29 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be paid a dividend of $2.055 per share. The ex-dividend date is Thursday, August 8th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.25%. Boeing’s dividend payout ratio (DPR) is currently 51.34%.

Several large investors have recently made changes to their positions in the company. Altman Advisors Inc. grew its stake in shares of Boeing by 5.6% during the second quarter. Altman Advisors Inc. now owns 4,517 shares of the aircraft producer’s stock valued at $1,644,000 after buying an additional 240 shares during the last quarter. Lincoln Capital Corp bought a new position in shares of Boeing during the second quarter valued at about $1,203,000. Community Bank & Trust Waco Texas grew its stake in shares of Boeing by 2.1% during the second quarter. Community Bank & Trust Waco Texas now owns 10,608 shares of the aircraft producer’s stock valued at $3,861,000 after buying an additional 221 shares during the last quarter. Smith Salley & Associates grew its stake in shares of Boeing by 10.7% during the second quarter. Smith Salley & Associates now owns 17,374 shares of the aircraft producer’s stock valued at $6,324,000 after buying an additional 1,677 shares during the last quarter. Finally, HMS Capital Management LLC bought a new position in shares of Boeing during the second quarter valued at about $70,000. 67.99% of the stock is currently owned by hedge funds and other institutional investors.

About Boeing

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.

Further Reading: What is meant by a buy rating?

Analyst Recommendations for Boeing (NYSE:BA)

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