The Boeing Company (NYSE:BA) Given Average Rating of “Moderate Buy” by Brokerages

The Boeing Company (NYSE:BA) has received an average recommendation of “Moderate Buy” from the twenty-five ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $191.79.

A number of equities analysts have recently weighed in on the company. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, October 15th. Stifel Nicolaus increased their price target on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Morgan Stanley lowered their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday. Wells Fargo & Company lowered their price target on Boeing from $109.00 to $86.00 and set an “underweight” rating for the company in a report on Thursday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Thursday.

Institutional Investors Weigh In On Boeing

A number of hedge funds have recently bought and sold shares of BA. Madison Park Capital Advisors LLC raised its position in shares of Boeing by 4.9% during the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after acquiring an additional 56 shares in the last quarter. Wealth Alliance Advisory Group LLC raised its position in shares of Boeing by 1.6% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after acquiring an additional 60 shares in the last quarter. Angeles Wealth Management LLC raised its position in shares of Boeing by 4.2% during the 1st quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock worth $294,000 after acquiring an additional 61 shares in the last quarter. IMS Capital Management raised its position in shares of Boeing by 0.4% during the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after acquiring an additional 62 shares in the last quarter. Finally, Meeder Advisory Services Inc. raised its position in shares of Boeing by 0.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 7,559 shares of the aircraft producer’s stock worth $1,459,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 1.2 %

Shares of NYSE:BA opened at $155.19 on Friday. The business has a fifty day moving average of $160.61 and a two-hundred day moving average of $172.01. The stock has a market cap of $95.27 billion, a P/E ratio of -43.72 and a beta of 1.57. Boeing has a 52-week low of $146.02 and a 52-week high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.85) by ($5.59). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted ($3.26) EPS. On average, equities analysts anticipate that Boeing will post -5.35 earnings per share for the current year.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.