Boeing (NYSE:BA) Given a $500.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a $500.00 target price on Boeing (NYSE:BA) in a report published on Thursday morning, TipRanks reports. The firm currently has a buy rating on the aircraft producer’s stock.

Other equities analysts have also issued research reports about the company. Cowen set a $460.00 target price on Boeing and gave the company a buy rating in a research note on Tuesday, September 10th. Credit Suisse Group reiterated a buy rating and issued a $425.00 target price on shares of Boeing in a research note on Thursday, July 25th. Citigroup set a $430.00 target price on Boeing and gave the company a buy rating in a research note on Monday, July 15th. Zacks Investment Research upgraded Boeing from a strong sell rating to a hold rating and set a $301.00 target price on the stock in a research note on Monday, June 10th. Finally, Goldman Sachs Group reiterated a neutral rating and issued a $375.00 target price on shares of Boeing in a research note on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $402.65.

Shares of Boeing stock traded up $4.13 during trading on Thursday, hitting $379.76. 3,374,771 shares of the stock traded hands, compared to its average volume of 4,170,068. The firm has a market cap of $211.37 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 11.12 and a beta of 1.25. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. Boeing has a 52-week low of $292.47 and a 52-week high of $446.01. The stock’s fifty day simple moving average is $347.89 and its 200 day simple moving average is $366.22.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating the consensus estimate of $1.85 by $1.07. The firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.05 billion. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The business’s revenue for the quarter was down 35.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.33 earnings per share. As a group, equities analysts expect that Boeing will post 4.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were issued a $2.055 dividend. This represents a $8.22 annualized dividend and a yield of 2.16%. The ex-dividend date was Thursday, August 8th. Boeing’s dividend payout ratio is presently 51.34%.

A number of hedge funds and other institutional investors have recently modified their holdings of BA. Thoroughbred Financial Services LLC boosted its holdings in Boeing by 36,928.2% in the second quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock worth $623,555,000 after acquiring an additional 6,218,711 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Boeing by 1,774.6% in the second quarter. Nuveen Asset Management LLC now owns 4,149,922 shares of the aircraft producer’s stock worth $1,510,613,000 after acquiring an additional 3,928,546 shares in the last quarter. Viking Global Investors LP acquired a new stake in Boeing in the second quarter worth about $1,010,899,000. Price T Rowe Associates Inc. MD boosted its holdings in Boeing by 7.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 35,740,551 shares of the aircraft producer’s stock worth $13,009,918,000 after acquiring an additional 2,607,364 shares in the last quarter. Finally, FMR LLC boosted its holdings in Boeing by 26.5% in the first quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock worth $4,211,577,000 after acquiring an additional 2,311,630 shares in the last quarter. 67.98% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Boeing (NYSE:BA)

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