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

Shares of The Boeing Company (NYSE:BA) have been given a consensus rating of “Moderate Buy” by the twenty-seven research firms that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, fifteen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $232.0909.

A number of research firms have recently weighed in on BA. Jefferies Financial Group set a $255.00 price objective on Boeing in a research note on Tuesday, September 30th. BNP Paribas set a $150.00 price target on shares of Boeing in a report on Tuesday, November 18th. Loop Capital set a $223.00 price target on shares of Boeing in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft cut shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a research report on Thursday, October 30th. Finally, Susquehanna dropped their target price on shares of Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a report on Wednesday, November 12th.

Boeing Price Performance

Shares of BA opened at $189.46 on Friday. Boeing has a 1 year low of $128.88 and a 1 year high of $242.69. The stock has a 50 day simple moving average of $205.86 and a two-hundred day simple moving average of $214.27. The firm has a market cap of $144.01 billion, a P/E ratio of -13.85 and a beta of 1.44.

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

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the sale, the executive vice president owned 14,656 shares in the company, valued at $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Dana S. Deasy acquired 554 shares of Boeing stock in a transaction on Monday, November 24th. The shares were bought at an average cost of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the transaction, the senior vice president owned 28,442 shares in the company, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Boeing

A number of large investors have recently modified their holdings of BA. Harbor Asset Planning Inc. bought a new stake in Boeing during the 2nd quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing in the 3rd quarter valued at approximately $25,000. Piscataqua Savings Bank lifted its stake in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares during the period. Reyes Financial Architecture Inc. bought a new stake in shares of Boeing during the third quarter valued at approximately $32,000. Finally, Davis Capital Management purchased a new stake in Boeing in the third quarter worth $33,000. Institutional investors own 64.82% of the company’s stock.

Boeing Company Profile

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.