Boeing Company (The) (BA) Raised to Hold at Vetr Inc.

Vetr upgraded shares of Boeing Company (The) (NYSE:BA) from a sell rating to a hold rating in a research note published on Monday morning. Vetr currently has $266.64 target price on the aircraft producer’s stock.

BA has been the subject of several other reports. Zacks Investment Research downgraded Boeing Company (The) from a buy rating to a hold rating in a research report on Tuesday, September 26th. Cowen and Company reaffirmed a buy rating and issued a $315.00 target price on shares of Boeing Company (The) in a research report on Thursday, October 26th. ValuEngine raised Boeing Company (The) from a hold rating to a buy rating in a research report on Friday, September 1st. Credit Suisse Group raised Boeing Company (The) from a neutral rating to an outperform rating and lifted their target price for the company from $200.00 to $300.00 in a research report on Thursday, July 27th. Finally, Nord/LB set a $250.00 target price on Boeing Company (The) and gave the company a neutral rating in a research report on Thursday, November 2nd. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $256.68.

Boeing Company (BA) opened at $262.86 on Monday. The firm has a market capitalization of $155,898.63, a PE ratio of 26.85, a price-to-earnings-growth ratio of 1.99 and a beta of 1.22. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39. Boeing Company has a 52-week low of $144.46 and a 52-week high of $267.62.

Boeing Company (The) (NYSE:BA) last released its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion during the quarter, compared to the consensus estimate of $24.09 billion. Boeing Company (The) had a return on equity of 12,064.25% and a net margin of 7.33%. Boeing Company (The)’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.51 EPS. equities research analysts anticipate that Boeing Company will post 10.1 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, November 9th. Boeing Company (The)’s payout ratio is currently 52.21%.

Several large investors have recently added to or reduced their stakes in the company. Yellowstone Partners LLC acquired a new position in shares of Boeing Company (The) in the third quarter valued at approximately $896,000. Fieldpoint Private Securities LLC acquired a new position in shares of Boeing Company (The) in the third quarter valued at approximately $1,007,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Boeing Company (The) in the third quarter valued at approximately $264,000. Security National Bank of SO Dak acquired a new position in shares of Boeing Company (The) in the third quarter valued at approximately $229,000. Finally, Parallel Advisors LLC grew its holdings in Boeing Company (The) by 7.9% during the third quarter. Parallel Advisors LLC now owns 5,269 shares of the aircraft producer’s stock worth $1,383,000 after acquiring an additional 388 shares during the period. 71.99% of the stock is currently owned by institutional investors and hedge funds.

About Boeing Company (The)

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

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

Analyst Recommendations for Boeing Company (The) (NYSE:BA)

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