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

Shares of The Boeing Company (NYSE:BAGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the twenty-two analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $221.24.

Several equities analysts have issued reports on BA shares. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective on the stock. in a research note on Wednesday, April 17th. Melius Research reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Melius reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Susquehanna restated a “positive” rating and set a $230.00 target price on shares of Boeing in a research report on Wednesday, May 15th. Finally, Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th.

Read Our Latest Report on Boeing

Institutional Trading of Boeing

Institutional investors and hedge funds have recently bought and sold shares of the business. Strategic Blueprint LLC boosted its stake in shares of Boeing by 8.7% during the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after buying an additional 264 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in Boeing by 41.5% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock worth $4,108,000 after purchasing an additional 4,622 shares during the last quarter. Orca Investment Management LLC lifted its stake in Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after purchasing an additional 195 shares during the last quarter. One Charles Private Wealth Services LLC bought a new position in Boeing during the fourth quarter worth $205,000. Finally, Morse Asset Management Inc increased its position in Boeing by 65.0% in the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock worth $1,533,000 after buying an additional 3,152 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 1.3 %

BA stock opened at $174.52 on Tuesday. Boeing has a twelve month low of $159.70 and a twelve month high of $267.54. The company’s 50 day moving average is $178.91 and its two-hundred day moving average is $205.50. The stock has a market cap of $107.13 billion, a P/E ratio of -49.16 and a beta of 1.54.

Boeing (NYSE:BAGet Free Report) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. On average, equities research analysts predict that Boeing will post -1.11 earnings per share for the current year.

Boeing Company Profile

(Get Free Report

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.

Recommended Stories

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.