Boeing’s (BA) “Hold” Rating Reaffirmed at Melius Research

Melius Research reissued their hold rating on shares of Boeing (NYSE:BAFree Report) in a report issued on Monday morning, Benzinga reports.

A number of other brokerages also recently weighed in on BA. Barclays boosted their price target on Boeing from $210.00 to $235.00 and gave the stock an equal weight rating in a research report on Wednesday, December 6th. Citigroup lowered their price target on Boeing from $263.00 to $252.00 and set a buy rating on the stock in a research report on Thursday, March 28th. Edward Jones cut Boeing from a buy rating to a hold rating in a report on Monday, January 8th. Northcoast Research cut Boeing from a buy rating to a neutral rating in a report on Friday, February 23rd. Finally, The Goldman Sachs Group reduced their price objective on Boeing from $268.00 to $257.00 and set a buy rating for the company in a report on Monday, March 25th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $241.53.

Read Our Latest Report on Boeing

Boeing Price Performance

BA opened at $189.51 on Monday. The business’s 50-day moving average price is $199.78 and its two-hundred day moving average price is $209.59. The company has a market capitalization of $115.63 billion, a price-to-earnings ratio of -51.49, a P/E/G ratio of 48.46 and a beta of 1.52. Boeing has a 1 year low of $176.25 and a 1 year high of $267.54.

Boeing (NYSE:BAGet Free Report) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. Boeing’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.75) EPS. Sell-side analysts anticipate that Boeing will post 1 earnings per share for the current fiscal year.

Institutional Trading of Boeing

Institutional investors have recently bought and sold shares of the company. Moneta Group Investment Advisors LLC boosted its stake in Boeing by 109,667.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after acquiring an additional 16,041,103 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after purchasing an additional 4,425,964 shares during the period. Jennison Associates LLC bought a new position in shares of Boeing during the 4th quarter worth about $960,397,000. Wellington Management Group LLP boosted its position in shares of Boeing by 563.9% during the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after purchasing an additional 2,921,043 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after buying an additional 1,884,850 shares during the period. Institutional investors own 64.82% of the company’s stock.

About Boeing

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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.

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Analyst Recommendations for Boeing (NYSE:BA)

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