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

The Boeing Company (NYSE:BA) has received a consensus rating of “Moderate Buy” from the twenty-three research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $195.68.

A number of equities analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a report on Monday, March 17th. UBS Group upped their target price on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Susquehanna upped their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upped their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, Citigroup upped their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in shares of Boeing by 5.1% during the third quarter. Pacer Advisors Inc. now owns 43,398 shares of the aircraft producer’s stock valued at $6,598,000 after acquiring an additional 2,111 shares in the last quarter. Cerity Partners LLC raised its holdings in Boeing by 6.6% during the third quarter. Cerity Partners LLC now owns 112,288 shares of the aircraft producer’s stock worth $17,072,000 after buying an additional 6,962 shares during the last quarter. Penserra Capital Management LLC raised its holdings in Boeing by 17.5% during the third quarter. Penserra Capital Management LLC now owns 4,856 shares of the aircraft producer’s stock worth $738,000 after buying an additional 724 shares during the last quarter. Larson Financial Group LLC raised its holdings in Boeing by 10.8% during the third quarter. Larson Financial Group LLC now owns 16,324 shares of the aircraft producer’s stock worth $2,482,000 after buying an additional 1,589 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Boeing by 5.7% during the third quarter. Daiwa Securities Group Inc. now owns 148,852 shares of the aircraft producer’s stock worth $22,631,000 after buying an additional 8,085 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA opened at $178.32 on Monday. The stock has a market capitalization of $133.75 billion, a PE ratio of -9.73 and a beta of 1.53. The business has a fifty day moving average price of $172.98 and a two-hundred day moving average price of $163.59. Boeing has a fifty-two week low of $137.03 and a fifty-two week high of $196.95.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the business earned ($0.47) earnings per share. On average, equities analysts expect that Boeing will post -2.58 EPS for the current year.

About Boeing

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.