Boeing’s (BA) Positive Rating Reaffirmed at Susquehanna

Susquehanna reissued their positive rating on shares of Boeing (NYSE:BA) in a report released on Monday,Benzinga reports. The firm currently has a $270.00 target price on the aircraft producer’s stock.

A number of other research analysts have also recently commented on BA. Wells Fargo & Company restated an “underweight” rating on shares of Boeing in a research note on Thursday, May 22nd. Sanford C. Bernstein restated an “outperform” rating on shares of Boeing in a research note on Monday, July 14th. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Citigroup restated a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price target on shares of Boeing in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.77.

Boeing Stock Performance

BA opened at $215.73 on Monday. Boeing has a one year low of $128.88 and a one year high of $242.69. The stock has a market capitalization of $163.13 billion, a PE ratio of -13.07 and a beta of 1.48. The business’s 50 day moving average price is $228.71 and its 200 day moving average price is $199.86.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. During the same quarter in the previous year, the company earned ($2.90) EPS. The business’s revenue was up 34.9% compared to the same quarter last year. As a group, equities research analysts forecast that Boeing will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mortimer J. Buckley acquired 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the transaction, the director owned 2,200 shares of the company’s stock, valued at $497,420. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares in the company, valued at $8,248,637.62. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Boeing

Several large investors have recently bought and sold shares of the business. Wallace Advisory Group LLC increased its holdings in Boeing by 1.2% in the second quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after buying an additional 44 shares during the last quarter. Aspire Capital Advisors LLC increased its holdings in Boeing by 0.8% in the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after buying an additional 45 shares during the last quarter. Lantz Financial LLC increased its holdings in Boeing by 1.5% in the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after buying an additional 46 shares during the last quarter. Blue Barn Wealth LLC increased its holdings in Boeing by 1.8% in the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock valued at $544,000 after buying an additional 46 shares during the last quarter. Finally, Atlas Brown Inc. grew its holdings in shares of Boeing by 0.7% during the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock worth $1,362,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

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.