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Published: Thu, January 26, 2017
Economy | By Melissa Porter

Boeing's Big Dreamliner Is Finally Starting to Fuel Profits


Canaccord Genuity reaffirmed their hold rating on shares of Boeing Co. Institutional investors and hedge funds own 74.50% of the company's stock. For the quarter, the stock has changed 19.28%. Bank of Montreal Can bought a new stake in Boeing Company (The) during the second quarter valued at approximately $316,346,000. Jackson Grant Investment Advisers Inc. increased its position in Boeing by 124.9% in the third quarter. They now have a United States dollars 180 price target on the stock. The Company has 52-week high of $87.16 and 52-week low of $70.33.

The mean revenue estimate for the ongoing quarter ending Dec 16 is $23.19B by 17 analysts.

Shares of Boeing Company (NYSE:BA) traded down 0.01% during trading on Monday, hitting $155.68.

The shares rose more than 4 percent in afternoon trading. It secured a $2.8 billion deal a year ago for 18 of the planes, based on its 767 passenger jet, and expects to sell an initial 179 to the Pentagon, with a forecast global market for around 400 of the planes.

A number of investment brokers have recently updated their price targets on shares of Boeing Company (The) (NYSE:BA).

The company also beat expectations with earnings jumping to $1.6 billion in the final quarter of 2016, compared to the same period a year earlier, due partly to an uptick in commercial aircraft that helped offset lower profits from Boeing's military division. Boeing Company (The) had a net margin of 4.52% and a return on equity of 126.01%. The average estimate of 18 analysts surveyed by FactSet and 10 by Zacks Investment Research was $2.34 per share. Stock monthly performance is recorded as 1.95% while its performance in last 5 sessions is 1.83%. The firm's revenue for the quarter was down 7.5% compared to the same quarter previous year. This represents a $5.68 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Wednesday, February 8th. Boeing's dividend payout ratio (DPR) is now 66.36%. In the defense group, the company reported a $69 million pre-tax charge related to the tanker. Finally, Standpoint Research downgraded Boeing Company (The) from a "buy" rating to a "sell" rating and set a $125.00 price target on the stock.in a report on Wednesday, October 26th. In a purely hypothetical scenario, Boeing maintains that average over the next three years and delivers 787s at the existing production rate, leading to a backlog of 472 aircraft by the end of 2019.

Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 3 analysts of Thomson Reuters, 4 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating.

Boeing Company (The) had its "hold" rating reiterated by analysts at Canaccord Genuity. The stock was sold at an average price of $142.46, for a total value of $28,599,414.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In fact, while 90 percent of Boeing's employment resides in the USA, 75 percent of its product gets delivered outside the country, helping create a positive trade balance for the US aerospace industry as a whole.

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