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

The Boeing Company (NYSE:BA – Get Rating) has been given an average rating of “Moderate Buy” by the twenty ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $225.41.

Several analysts recently weighed in on the company. Redburn Partners assumed coverage on Boeing in a report on Monday, November 7th. They issued a “neutral” rating for the company. Robert W. Baird lifted their price objective on Boeing from $210.00 to $250.00 in a report on Tuesday, January 3rd. Citigroup lifted their price objective on Boeing from $222.00 to $248.00 and gave the company a “buy” rating in a report on Friday, January 27th. Jefferies Financial Group lifted their price objective on Boeing from $240.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 30th. Finally, The Goldman Sachs Group set a $261.00 price objective on Boeing in a report on Wednesday, February 15th.

Institutional Investors Weigh In On Boeing

Several hedge funds have recently bought and sold shares of BA. Moneta Group Investment Advisors LLC raised its stake in shares of Boeing by 109,667.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after buying an additional 16,041,103 shares during the period. FMR LLC raised its stake in Boeing by 18.4% in the 2nd quarter. FMR LLC now owns 17,901,503 shares of the aircraft producer’s stock valued at $2,447,494,000 after purchasing an additional 2,781,349 shares during the last quarter. Barclays PLC raised its stake in Boeing by 189.7% in the 3rd quarter. Barclays PLC now owns 1,894,753 shares of the aircraft producer’s stock valued at $229,414,000 after purchasing an additional 1,240,669 shares during the last quarter. Newport Trust Co raised its stake in Boeing by 2.7% in the 2nd quarter. Newport Trust Co now owns 44,678,806 shares of the aircraft producer’s stock valued at $6,108,487,000 after purchasing an additional 1,168,565 shares during the last quarter. Finally, Morgan Stanley raised its stake in Boeing by 11.7% in the 4th quarter. Morgan Stanley now owns 8,321,871 shares of the aircraft producer’s stock valued at $1,585,234,000 after purchasing an additional 872,795 shares during the last quarter. Hedge funds and other institutional investors own 57.07% of the company’s stock.

Boeing Stock Up 2.4 %

NYSE BA opened at $215.11 on Friday. The company has a fifty day moving average of $207.24 and a two-hundred day moving average of $175.22. The firm has a market capitalization of $128.69 billion, a price-to-earnings ratio of -25.95, a PEG ratio of 56.39 and a beta of 1.43. Boeing has a 52 week low of $113.02 and a 52 week high of $221.33.

Boeing (NYSE:BA – Get Rating) last posted its quarterly earnings data on Wednesday, January 25th. The aircraft producer reported ($1.75) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.80). The business had revenue of $19.98 billion for the quarter, compared to the consensus estimate of $20.10 billion. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period last year, the firm earned ($7.69) earnings per share. Equities research analysts anticipate that Boeing will post 0.93 EPS for the current year.

Boeing Company Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.