Boeing (NYSE:BA) Upgraded at Zacks Research

Zacks Research upgraded shares of Boeing (NYSE:BA) from a strong sell rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

BA has been the subject of a number of other research reports. BNP Paribas Exane began coverage on shares of Boeing in a research report on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 target price for the company. Susquehanna lowered their price objective on shares of Boeing from $270.00 to $255.00 and set a “positive” rating on the stock in a research note on Wednesday, November 12th. UBS Group restated a “buy” rating on shares of Boeing in a research report on Thursday, October 30th. Jefferies Financial Group set a $255.00 price target on Boeing in a research note on Tuesday, September 30th. Finally, JPMorgan Chase & Co. dropped their price objective on Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $232.09.

Boeing Trading Down 0.3%

BA opened at $201.97 on Tuesday. The firm has a market cap of $153.51 billion, a price-to-earnings ratio of -14.76 and a beta of 1.18. Boeing has a twelve month low of $128.88 and a twelve month high of $242.69. The company has a fifty day simple moving average of $204.63 and a 200 day simple moving average of $214.11.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate 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 business’s revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($10.44) earnings per share. On average, analysts forecast that Boeing will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the transaction, the executive vice president owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Dana S. Deasy bought 554 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 28,442 shares of the company’s stock, valued at $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. 0.09% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BA. Wallace Advisory Group LLC lifted its position in Boeing by 1.2% during the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock worth $748,000 after buying an additional 44 shares in the last quarter. Aspire Capital Advisors LLC raised its stake in shares of Boeing by 0.8% in the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after acquiring an additional 45 shares during the last quarter. Lantz Financial LLC lifted its position in shares of Boeing by 1.5% during the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after purchasing an additional 46 shares in the last quarter. Blue Barn Wealth LLC grew its stake in shares of Boeing by 1.8% during the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock valued at $544,000 after purchasing an additional 46 shares during the last quarter. Finally, N.E.W. Advisory Services LLC increased its holdings in shares of Boeing by 3.1% in the third quarter. N.E.W. Advisory Services LLC now owns 1,540 shares of the aircraft producer’s stock valued at $332,000 after purchasing an additional 46 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

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.