The Boeing Company (NYSE:BA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

The Boeing Company (NYSE:BA) has received an average rating of “Moderate Buy” from the twenty-three brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $195.16.

BA has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. UBS Group boosted their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Finally, Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Diversify Advisory Services LLC grew its position in shares of Boeing by 1.7% during the third quarter. Diversify Advisory Services LLC now owns 6,415 shares of the aircraft producer’s stock worth $1,026,000 after buying an additional 110 shares in the last quarter. Valmark Advisers Inc. lifted its stake in Boeing by 4.9% in the third quarter. Valmark Advisers Inc. now owns 3,139 shares of the aircraft producer’s stock worth $477,000 after acquiring an additional 147 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its holdings in Boeing by 9.3% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 5,855 shares of the aircraft producer’s stock worth $890,000 after acquiring an additional 500 shares in the last quarter. Mutual Advisors LLC grew its holdings in Boeing by 125.5% during the 3rd quarter. Mutual Advisors LLC now owns 25,581 shares of the aircraft producer’s stock worth $3,970,000 after acquiring an additional 14,239 shares in the last quarter. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Boeing in the 3rd quarter valued at approximately $458,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Down 2.5 %

Shares of NYSE BA opened at $170.24 on Thursday. The firm has a 50-day simple moving average of $176.72 and a 200-day simple moving average of $164.64. The stock has a market capitalization of $127.69 billion, a price-to-earnings ratio of -9.29 and a beta of 1.52. Boeing has a 52 week low of $137.03 and a 52 week high of $203.80.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the business posted ($0.47) EPS. As a group, equities research analysts expect that Boeing will post -2.58 EPS 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.