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

The Boeing Company (NYSE:BA – Get Rating) has been given a consensus rating of “Hold” by the twenty-three research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $229.50.

BA has been the topic of several recent research reports. Robert W. Baird decreased their price objective on Boeing from $306.00 to $245.00 in a report on Thursday, April 28th. Wells Fargo & Company decreased their price objective on Boeing from $250.00 to $214.00 in a report on Thursday, April 28th. Morgan Stanley decreased their price objective on Boeing from $288.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, April 8th. Benchmark decreased their price objective on Boeing from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, April 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on Boeing from $235.00 to $190.00 in a report on Thursday, April 28th.

In other Boeing news, Director Lawrence W. Kellner bought 5,000 shares of Boeing stock in a transaction on Monday, February 14th. The shares were acquired at an average price of $208.91 per share, for a total transaction of $1,044,550.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.11% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. EagleClaw Capital Managment LLC boosted its position in Boeing by 2.5% during the third quarter. EagleClaw Capital Managment LLC now owns 27,060 shares of the aircraft producer’s stock valued at $5,941,000 after purchasing an additional 648 shares in the last quarter. Mackenzie Financial Corp boosted its position in Boeing by 44.3% during the third quarter. Mackenzie Financial Corp now owns 34,249 shares of the aircraft producer’s stock valued at $7,533,000 after purchasing an additional 10,508 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in Boeing by 1.8% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 17,117 shares of the aircraft producer’s stock valued at $3,765,000 after purchasing an additional 300 shares in the last quarter. M&G Investment Management Ltd. boosted its position in Boeing by 9.3% during the third quarter. M&G Investment Management Ltd. now owns 1,721 shares of the aircraft producer’s stock valued at $379,000 after purchasing an additional 147 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Boeing by 8.6% during the third quarter. First Horizon Advisors Inc. now owns 10,894 shares of the aircraft producer’s stock valued at $2,423,000 after purchasing an additional 864 shares in the last quarter. 53.96% of the stock is currently owned by institutional investors and hedge funds.

BA stock opened at $148.90 on Monday. Boeing has a 1-year low of $143.38 and a 1-year high of $258.40. The company has a market capitalization of $88.09 billion, a price-to-earnings ratio of -18.00, a PEG ratio of 98.56 and a beta of 1.47. The business has a 50 day simple moving average of $178.58 and a two-hundred day simple moving average of $198.23.

Boeing (NYSE:BA – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The aircraft producer reported ($2.75) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($2.48). The business had revenue of $13.99 billion during the quarter, compared to analyst estimates of $15.90 billion. During the same period last year, the firm earned ($1.53) EPS. Boeing’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, equities analysts predict that Boeing will post 0.38 EPS for the current fiscal year.

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.

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