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

The Boeing Company (NYSE:BA) has been given a consensus rating of “Moderate Buy” by the twenty-two ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $222.41.

A number of research firms have issued reports on BA. Melius restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. JPMorgan Chase & Co. reduced their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Argus cut Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. TD Cowen reduced their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Finally, StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th.

Institutional Trading of Boeing

Several institutional investors have recently bought and sold shares of BA. Capital Research Global Investors increased its position in shares of Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after acquiring an additional 4,425,964 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Boeing in the 4th quarter worth $960,397,000. Wellington Management Group LLP raised its stake in shares of Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after purchasing an additional 2,921,043 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Boeing by 23.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after purchasing an additional 1,884,850 shares in the last quarter. Finally, Boston Partners boosted its position in shares of Boeing by 861.6% during the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after buying an additional 1,617,151 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

NYSE:BA opened at $176.71 on Friday. Boeing has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The business has a 50 day moving average price of $182.80 and a 200-day moving average price of $206.14. The firm has a market cap of $108.48 billion, a PE ratio of -49.78 and a beta of 1.54.

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.