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

The Boeing Company (NYSE:BA) has earned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $195.68.

Several equities analysts have commented on BA shares. Melius Research raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 24th. JPMorgan Chase & Co. increased their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Citigroup upped their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, StockNews.com raised shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th.

Boeing Trading Down 3.4 %

BA opened at $172.98 on Monday. Boeing has a 1 year low of $137.03 and a 1 year high of $196.95. The stock has a fifty day moving average price of $173.98 and a 200 day moving average price of $164.17. The stock has a market cap of $129.74 billion, a price-to-earnings ratio of -9.44 and a beta of 1.53.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) earnings per share. As a group, sell-side analysts forecast that Boeing will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Boeing

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares during the period. Geode Capital Management LLC raised its stake in shares of Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock worth $2,677,170,000 after buying an additional 3,452,075 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Boeing in the fourth quarter valued at approximately $568,000. Alyeska Investment Group L.P. bought a new position in Boeing in the fourth quarter valued at approximately $526,889,000. Finally, Zimmer Partners LP acquired a new stake in Boeing during the 4th quarter worth $393,736,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

About Boeing

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.