The Boeing Company (NYSE:BA) Given Average Recommendation of “Buy” by Analysts

Shares of The Boeing Company (NYSE:BAGet Rating) have been assigned a consensus rating of “Hold” from the twenty-two research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $252.63.

BA has been the topic of a number of analyst reports. Bank of America cut their price target on Boeing from $245.00 to $220.00 and set a “neutral” rating on the stock in a research note on Monday, December 20th. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a research note on Wednesday. The Goldman Sachs Group set a $300.00 price target on Boeing and gave the company a “buy” rating in a research note on Wednesday, January 26th. Morgan Stanley cut their price target on Boeing from $288.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, April 8th. Finally, Langenberg & Company assumed coverage on Boeing in a research note on Wednesday, March 9th. They issued a “buy” rating on the stock.

In other news, Director Lawrence W. Kellner acquired 5,000 shares of Boeing stock in a transaction that occurred on Monday, February 14th. The stock was purchased at an average price of $208.91 per share, for a total transaction of $1,044,550.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven M. Mollenkopf acquired 480 shares of Boeing stock in a transaction that occurred on Tuesday, February 1st. The stock was purchased at an average price of $208.39 per share, with a total value of $100,027.20. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Large investors have recently made changes to their positions in the stock. PFG Private Wealth Management LLC acquired a new stake in Boeing in the third quarter valued at about $26,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Boeing during the 4th quarter valued at approximately $27,000. Strategic Asset Management LLC lifted its position in shares of Boeing by 102.9% during the 4th quarter. Strategic Asset Management LLC now owns 138 shares of the aircraft producer’s stock valued at $28,000 after acquiring an additional 70 shares during the period. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Boeing during the 4th quarter valued at approximately $28,000. Finally, Global Trust Asset Management LLC lifted its position in shares of Boeing by 1,427.3% during the 4th quarter. Global Trust Asset Management LLC now owns 168 shares of the aircraft producer’s stock valued at $34,000 after acquiring an additional 157 shares during the period. Hedge funds and other institutional investors own 54.00% of the company’s stock.

Shares of NYSE BA opened at $182.87 on Thursday. The stock has a market cap of $107.96 billion, a P/E ratio of -25.65, a PEG ratio of 12.48 and a beta of 1.40. Boeing has a 12-month low of $167.58 and a 12-month high of $258.40. The business’s fifty day simple moving average is $193.12 and its 200-day simple moving average is $205.05.

Boeing (NYSE:BAGet Rating) last announced its quarterly earnings data on Wednesday, January 26th. The aircraft producer reported ($7.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($7.60). The firm had revenue of $14.79 billion during the quarter, compared to analyst estimates of $16.66 billion. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($15.25) EPS. As a group, sell-side analysts expect that Boeing will post 3.51 earnings per share for the current fiscal year.

Boeing Company Profile (Get Rating)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Further Reading

Analyst Recommendations for Boeing (NYSE:BA)

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