Boeing (NYSE:BA) Upgraded at StockNews.com

StockNews.com upgraded shares of Boeing (NYSE:BAGet Rating) from a sell rating to a hold rating in a research report report published on Thursday morning.

BA has been the topic of a number of other reports. Morgan Stanley dropped their target price on Boeing from $288.00 to $230.00 and set an overweight rating on the stock in a research report on Friday, April 8th. Langenberg & Company assumed coverage on Boeing in a research report on Wednesday, March 9th. They issued a buy rating for the company. JPMorgan Chase & Co. decreased their target price on Boeing from $235.00 to $190.00 in a research report on Thursday. The Goldman Sachs Group set a $300.00 price target on shares of Boeing and gave the stock a buy rating in a report on Wednesday, January 26th. Finally, Wolfe Research assumed coverage on shares of Boeing in a report on Wednesday, February 16th. They set a market perform rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Buy and an average target price of $231.38.

Shares of NYSE:BA opened at $154.22 on Thursday. Boeing has a 12-month low of $146.00 and a 12-month high of $258.40. The business has a 50 day moving average of $184.62 and a two-hundred day moving average of $201.28. The company has a market capitalization of $91.05 billion, a PE ratio of -21.63, a PEG ratio of 14.00 and a beta of 1.40.

Boeing (NYSE:BAGet Rating) last posted its earnings results on Wednesday, April 27th. The aircraft producer reported ($2.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($2.48). The company had revenue of $13.99 billion for the quarter, compared to analysts’ expectations of $15.90 billion. Boeing’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the prior year, the company posted ($1.53) EPS. On average, equities research analysts anticipate that Boeing will post 3.23 EPS for the current year.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in BA. CastleArk Alternatives LLC purchased a new position in shares of Boeing in the third quarter valued at approximately $3,761,000. Cubist Systematic Strategies LLC grew its stake in shares of Boeing by 47.0% in the third quarter. Cubist Systematic Strategies LLC now owns 55,867 shares of the aircraft producer’s stock worth $12,287,000 after acquiring an additional 17,869 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Boeing by 13.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,486 shares of the aircraft producer’s stock worth $5,166,000 after acquiring an additional 2,700 shares during the period. Allworth Financial LP increased its position in shares of Boeing by 11.3% during the fourth quarter. Allworth Financial LP now owns 10,140 shares of the aircraft producer’s stock worth $2,041,000 after acquiring an additional 1,029 shares during the period. Finally, Wealthspire Advisors LLC boosted its holdings in Boeing by 13.6% in the third quarter. Wealthspire Advisors LLC now owns 5,009 shares of the aircraft producer’s stock valued at $1,102,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 54.00% of the company’s stock.

About Boeing (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.

Read More

Analyst Recommendations for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.