Goldman Sachs Group Reaffirms Neutral Rating for Boeing (NYSE:BA)

Goldman Sachs Group reissued their neutral rating on shares of Boeing (NYSE:BA) in a research note released on Monday, Borsen Zeitung reports. They currently have a $324.00 target price on the aircraft producer’s stock.

A number of other research analysts have also recently weighed in on BA. Robert W. Baird cut shares of Boeing from an outperform rating to a neutral rating and reduced their price target for the company from $445.00 to $342.00 in a research report on Monday, October 21st. Berenberg Bank reissued a buy rating and set a $410.00 target price on shares of Boeing in a research report on Wednesday, October 30th. Morgan Stanley reduced their target price on shares of Boeing from $500.00 to $450.00 and set an overweight rating on the stock in a research report on Thursday, October 24th. ValuEngine raised shares of Boeing from a hold rating to a buy rating in a research report on Friday, October 25th. Finally, UBS Group raised shares of Boeing from a neutral rating to a buy rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $375.16.

Shares of BA stock opened at $350.00 on Monday. The stock has a market cap of $197.66 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 40.77 and a beta of 1.24. The company has a quick ratio of 0.31, a current ratio of 1.11 and a debt-to-equity ratio of 48.98. Boeing has a fifty-two week low of $292.47 and a fifty-two week high of $446.01. The firm’s 50 day moving average price is $356.32 and its two-hundred day moving average price is $358.31.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.59). The business had revenue of $19.98 billion for the quarter, compared to analyst estimates of $20 billion. Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The company’s quarterly revenue was down 20.5% on a year-over-year basis. During the same period last year, the firm earned $3.58 earnings per share. On average, equities analysts forecast that Boeing will post 1.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were issued a $2.055 dividend. The ex-dividend date was Thursday, November 7th. This represents a $8.22 annualized dividend and a yield of 2.35%. Boeing’s dividend payout ratio is presently 51.34%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Capital Wealth Advisors increased its stake in Boeing by 0.4% during the third quarter. Vanguard Capital Wealth Advisors now owns 6,730 shares of the aircraft producer’s stock valued at $2,560,000 after purchasing an additional 29 shares during the last quarter. Pflug Koory LLC grew its position in shares of Boeing by 0.6% during the third quarter. Pflug Koory LLC now owns 5,398 shares of the aircraft producer’s stock worth $2,054,000 after acquiring an additional 30 shares during the last quarter. LeJeune Puetz Investment Counsel LLC grew its position in shares of Boeing by 0.3% during the third quarter. LeJeune Puetz Investment Counsel LLC now owns 10,904 shares of the aircraft producer’s stock worth $4,149,000 after acquiring an additional 30 shares during the last quarter. Lesa Sroufe & Co grew its position in shares of Boeing by 2.4% during the third quarter. Lesa Sroufe & Co now owns 1,292 shares of the aircraft producer’s stock worth $492,000 after acquiring an additional 30 shares during the last quarter. Finally, OLD Dominion Capital Management Inc. grew its position in shares of Boeing by 0.8% during the third quarter. OLD Dominion Capital Management Inc. now owns 3,587 shares of the aircraft producer’s stock worth $1,365,000 after acquiring an additional 30 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

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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