Analysts at Societe Generale raised their price target on shares of Boeing (NYSE:BA) from $94.00 to $111.00 in a research report issued to clients and investors on Thursday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock. Societe Generale’s target price suggests a potential upside of 5.11% from the company’s current price.
A number of other analysts have also recently weighed in on BA. Analysts at JPMorgan Cazenove raised their price target on shares of Boeing from $133.00 to $135.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Boeing from $115.00 to $124.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Citigroup Inc. cut their EPS estimates on shares of Boeing in a research note on Thursday. They now have a “buy” rating and a $122.00 price target on the stock.
Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $116.04.
Boeing (NYSE: BA) traded down 1.03% on Thursday, hitting $105.60. Boeing has a 1-year low of $69.03 and a 1-year high of $109.49. The stock’s 50-day moving average is currently $103.3. The company has a market cap of $80.117 billion and a price-to-earnings ratio of 20.03.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 24th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.13. The company had revenue of $21.80 billion for the quarter, compared to the consensus estimate of $20.43 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Boeing has set its FY13 guidance at $6.20-6.40 EPS. Analysts expect that Boeing will post $6.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 6th. Shareholders of record on Friday, August 9th will be given a dividend of $0.49 per share. This represents a $1.94 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, August 7th.
The Boeing Company (NYSE: BA) is an aerospace company.