Jefferies Group raised their target price on shares of Boeing (NYSE:BA) to $165.00 in a research note issued on Friday, ARN reports. Jefferies Group’s price target would suggest a potential upside of 24.31% from the company’s current price.
Shares of Boeing (NYSE:BA) opened at 132.73 on Friday. Boeing has a 52 week low of $72.68 and a 52 week high of $142.00. The stock has a 50-day moving average of $131.6 and a 200-day moving average of $113.0. The company has a market cap of $99.740 billion and a P/E ratio of 23.58.
Boeing (NYSE:BA) last released its earnings data on Wednesday, October 23rd. The company reported $1.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.54 by $0.26. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts expect that Boeing will post $6.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 6th. Shareholders of record on Friday, November 8th will be given a dividend of $0.49 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, November 6th.
BA has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Boeing in a research note to investors on Wednesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Boeing in a research note to investors on Friday, November 22nd. They now have a $140.00 price target on the stock. Finally, analysts at UBS AG downgraded shares of Boeing from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, November 20th. They now have a $140.00 price target on the stock. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $136.73.
The Boeing Company (NYSE:BA) is an aerospace company.
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