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

The Boeing Company (NYSE:BA) has received a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, fifteen have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $241.80.

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price for the company. in a research note on Thursday. Barclays raised their price target on shares of Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. UBS Group reiterated a “buy” rating on shares of Boeing in a research report on Thursday. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Finally, Loop Capital set a $223.00 price objective on Boeing in a research report on Monday.

Boeing Stock Up 1.9%

NYSE:BA opened at $204.88 on Tuesday. The firm has a market cap of $155.73 billion, a PE ratio of -14.98 and a beta of 1.47. Boeing has a 12 month low of $128.88 and a 12 month high of $242.69. The company’s 50-day moving average price is $219.74 and its two-hundred day moving average price is $213.47.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. The company’s revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($10.44) EPS. On average, research analysts expect that Boeing will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley purchased 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director directly owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing 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 of the company’s stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Boeing

Large investors have recently modified their holdings of the business. Harbor Asset Planning Inc. bought a new stake in Boeing during the 2nd quarter worth approximately $25,000. Piscataqua Savings Bank boosted its holdings in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 137 shares during the period. Davis Capital Management bought a new stake in shares of Boeing during the third quarter worth $33,000. Monetary Management Group Inc. raised its holdings in shares of Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after acquiring an additional 50 shares during the period. Finally, Howard Hughes Medical Institute acquired a new stake in shares of Boeing during the second quarter worth $34,000. 64.82% of the stock is currently owned by institutional investors.

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.