Boeing (NYSE:BA) Stock Picked Up by Analysts at Barclays

Equities research analysts at Barclays initiated coverage on shares of Boeing (NYSE:BA) in a report released on Friday, MarketBeat.com reports. The firm set an “overweight” rating and a $300.00 price target on the aircraft producer’s stock. Barclays‘s price objective would indicate a potential upside of 57.51% from the stock’s previous close.

A number of other brokerages have also issued reports on BA. Bank of America reissued a “buy” rating and issued a $270.00 target price on shares of Boeing in a research report on Friday, September 18th. Argus raised Boeing from a “hold” rating to a “buy” rating and set a $265.00 price target for the company in a research report on Tuesday, August 11th. Robert W. Baird set a $300.00 price target on shares of Boeing and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Boeing from $244.00 to $248.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $269.96.

Boeing Stock Up 1.4%

Shares of Boeing stock opened at $190.47 on Friday. Boeing has a 1 year low of $176.77 and a 1 year high of $254.35. The business has a 50-day moving average of $209.70 and a two-hundred day moving average of $215.86. The company has a market capitalization of $150.54 billion, a P/E ratio of 82.45 and a beta of 1.26. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The company had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned ($1.24) EPS. As a group, equities analysts predict that Boeing will post -0.94 EPS for the current year.

Institutional Trading of Boeing

Several institutional investors and hedge funds have recently bought and sold shares of BA. Highland Investment Advisors LLC acquired a new position in Boeing during the second quarter valued at approximately $26,000. 1 North Wealth Services LLC acquired a new position in shares of Boeing during the 4th quarter worth approximately $27,000. Wealth Preservation Advisors LLC increased its position in shares of Boeing by 66.7% during the 4th quarter. Wealth Preservation Advisors LLC now owns 125 shares of the aircraft producer’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. Strategic Wealth Advisors LLC bought a new stake in shares of Boeing during the 2nd quarter worth approximately $27,000. Finally, Bell Investment Advisors Inc bought a new stake in shares of Boeing during the 2nd quarter worth approximately $29,000. Institutional investors own 64.82% of the company’s stock.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Aircraft lessor Avolon placed a firm order for 140 Boeing 737 MAX jets as part of a broader 250-aircraft transaction split with Airbus. The order reinforces demand for Boeing’s highest-volume commercial program. Boeing Lands Order for 140 737 MAX Jets
• Positive Sentiment: Boeing reported a total backlog of approximately $715 billion at the end of the second quarter, including $597 billion in commercial airplanes. The backlog provides long-term revenue visibility if the company can improve delivery rates and production execution. Boeing’s Strategic Push to Balance Rising Demand with Operational Bottlenecks
• Positive Sentiment: Southwest Airlines is reportedly leaning toward Boeing’s 787 Dreamliner for a potential long-haul international expansion, which could create a meaningful future widebody order. Southwest Airlines Weighs Boeing 787
• Positive Sentiment: Boeing’s defense business could benefit from rising demand for infrared search-and-track systems, while its approximately $14.7 billion PAC-3 seeker contract with Lockheed Martin adds longer-term defense visibility. Rising IRST Demand and Boeing’s Defense Outlook
• Positive Sentiment: Barclays included Boeing among its aerospace and defense stock picks tied to a “modern-day industrial revolution,” supporting the bullish long-term investment case. Boeing and More Buys for the Modern-Day Industrial Revolution
• Neutral Sentiment: TD Cowen lowered its Boeing price target from $250 to $240 but maintained a Buy rating, indicating reduced near-term confidence while still seeing substantial upside potential. TD Cowen Cuts Aerospace Targets
• Negative Sentiment: Investors remain concerned about Boeing’s approaching debt repayments, high leverage, production delays and weak returns on invested capital. The company’s large backlog will not translate into cash flow quickly unless deliveries accelerate. Boeing Faces a Debt Wall

Boeing Company Profile

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, spacecraft and related systems. Its commercial portfolio includes the 737, 787 Dreamliner and 777 families, as well as the 777X program. Boeing sells aircraft to airlines, cargo operators and leasing companies around the world.

Through its defense and space operations, Boeing provides products and services for the U.S. government, allied governments and other institutional customers.