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

The Boeing Company (NYSE:BAGet Free Report) has been given a consensus rating of “Moderate Buy” by the twenty-six research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, seventeen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $246.1364.

Several analysts have commented on BA shares. Tigress Financial reissued a “buy” rating and issued a $275.00 target price on shares of Boeing in a research report on Monday, December 29th. Vertical Research reiterated a “buy” rating and set a $281.00 target price on shares of Boeing in a research note on Tuesday, January 27th. Zacks Research upgraded Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Morgan Stanley set a $245.00 target price on shares of Boeing in a research note on Wednesday, January 28th. Finally, Susquehanna reiterated a “positive” rating and set a $280.00 price objective on shares of Boeing in a research note on Thursday, January 15th.

Check Out Our Latest Analysis on BA

Insider Activity at Boeing

In other news, SVP Dana S. Deasy acquired 554 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the transaction, the senior vice president directly owned 28,442 shares in the company, valued at approximately $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Uma M. Amuluru sold 2,731 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $236.00, for a total value of $644,516.00. Following the transaction, the executive vice president owned 11,925 shares of the company’s stock, valued at approximately $2,814,300. The trade was a 18.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Purus Wealth Management LLC increased its holdings in Boeing by 3.6% in the 4th quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer’s stock valued at $256,000 after purchasing an additional 41 shares in the last quarter. West Wealth Group LLC grew its stake in shares of Boeing by 0.6% in the fourth quarter. West Wealth Group LLC now owns 7,279 shares of the aircraft producer’s stock valued at $1,581,000 after buying an additional 42 shares in the last quarter. First Heartland Consultants Inc. raised its holdings in shares of Boeing by 1.1% during the 4th quarter. First Heartland Consultants Inc. now owns 4,062 shares of the aircraft producer’s stock valued at $882,000 after buying an additional 43 shares during the period. XML Financial LLC lifted its position in Boeing by 0.5% during the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock worth $1,933,000 after acquiring an additional 43 shares in the last quarter. Finally, Wallace Advisory Group LLC boosted its holdings in Boeing by 1.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock worth $748,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

Boeing Price Performance

NYSE BA opened at $236.65 on Thursday. The company’s 50 day simple moving average is $227.35 and its 200 day simple moving average is $219.21. The firm has a market capitalization of $185.85 billion, a PE ratio of 117.74 and a beta of 1.15. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.19 and a quick ratio of 0.40. Boeing has a 12 month low of $128.88 and a 12 month high of $254.35.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $10.32. The company had revenue of $23.95 billion during the quarter, compared to analysts’ expectations of $22.41 billion. The company’s revenue for the quarter was up 57.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($5.90) EPS. As a group, equities research analysts forecast that Boeing will post -2.58 EPS for the current fiscal year.

Boeing Company Profile

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Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

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Analyst Recommendations for Boeing (NYSE:BA)

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