Boeing’s (BA) Buy Rating Reiterated at Berenberg Bank

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Berenberg Bank reaffirmed their buy rating on shares of Boeing (NYSE:BA) in a research note issued to investors on Monday. They currently have a $430.00 price objective on the aircraft producer’s stock.

BA has been the topic of several other reports. Robert W. Baird reiterated a buy rating and issued a $450.00 price objective on shares of Boeing in a report on Monday, August 13th. Cowen reiterated a buy rating and issued a $430.00 price objective on shares of Boeing in a report on Wednesday, July 25th. JPMorgan Chase & Co. reiterated a buy rating and issued a $400.00 price objective on shares of Boeing in a report on Thursday, July 26th. Zacks Investment Research downgraded shares of Boeing from a strong-buy rating to a hold rating in a report on Thursday, July 12th. Finally, UBS Group assumed coverage on shares of Boeing in a report on Wednesday, August 15th. They issued a buy rating and a $515.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $396.41.

Shares of BA opened at $346.68 on Monday. The firm has a market cap of $196.94 billion, a P/E ratio of 28.79, a PEG ratio of 1.70 and a beta of 1.45. Boeing has a 1-year low of $234.29 and a 1-year high of $374.48. The company has a debt-to-equity ratio of -7.65, a quick ratio of 0.32 and a current ratio of 1.11.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.45 by ($0.12). Boeing had a return on equity of 2,344.87% and a net margin of 9.92%. The firm had revenue of $24.26 billion for the quarter, compared to analyst estimates of $24.02 billion. During the same quarter in the previous year, the firm posted $2.55 earnings per share. Boeing’s quarterly revenue was up 5.2% on a year-over-year basis. analysts predict that Boeing will post 14.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Friday, August 10th will be given a $1.71 dividend. The ex-dividend date of this dividend is Thursday, August 9th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.97%. Boeing’s payout ratio is presently 56.81%.

Several institutional investors have recently made changes to their positions in BA. CSat Investment Advisory L.P. bought a new stake in shares of Boeing in the second quarter valued at about $101,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Boeing by 220.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock valued at $105,000 after acquiring an additional 220 shares during the period. Mount Yale Investment Advisors LLC bought a new stake in shares of Boeing in the first quarter valued at about $108,000. Advisors Preferred LLC bought a new stake in Boeing during the first quarter worth about $111,000. Finally, SWS Partners bought a new stake in Boeing during the fourth quarter worth about $123,000. 69.74% of the stock is owned by 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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