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

The Boeing Company (NYSE:BAGet Free Report) has received an average rating of “Moderate Buy” from the twenty-seven brokerages that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, sixteen have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $237.4583.

A number of equities research analysts recently weighed in on BA shares. Sanford C. Bernstein upped their target price on shares of Boeing from $277.00 to $298.00 and gave the stock an “outperform” rating in a report on Thursday. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. Loop Capital set a $223.00 price target on Boeing in a research report on Monday, November 3rd. JPMorgan Chase & Co. upped their price objective on shares of Boeing from $240.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft downgraded Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research note on Thursday, October 30th.

Get Our Latest Research Report on Boeing

More Boeing News

Here are the key news stories impacting Boeing this week:

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction on 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 directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Dana S. Deasy bought 554 shares of the stock in a transaction on Monday, November 24th. The stock was purchased at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the purchase, the senior vice president owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.09% of the stock is currently owned by corporate insiders.

Institutional Trading of Boeing

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Boeing by 1.7% in the second quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock worth $13,991,022,000 after acquiring an additional 1,118,316 shares in the last quarter. Ninety One UK Ltd purchased a new position in shares of Boeing during the 3rd quarter valued at about $192,734,000. Amundi grew its stake in shares of Boeing by 75.5% during the second quarter. Amundi now owns 1,776,634 shares of the aircraft producer’s stock valued at $376,700,000 after buying an additional 764,236 shares during the last quarter. Newport Trust Company LLC lifted its stake in shares of Boeing by 2.5% in the 3rd quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock valued at $6,301,901,000 after acquiring an additional 707,490 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Boeing by 3,581.5% during the 2nd quarter. Bessemer Group Inc. now owns 711,824 shares of the aircraft producer’s stock worth $149,149,000 after acquiring an additional 692,489 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

Shares of BA stock opened at $247.71 on Friday. The company has a market cap of $188.28 billion, a P/E ratio of -18.11, a PEG ratio of 7.05 and a beta of 1.16. The stock has a 50 day simple moving average of $208.57 and a two-hundred day simple moving average of $217.16. Boeing has a fifty-two week low of $128.88 and a fifty-two week high of $248.75.

Boeing (NYSE:BAGet Free Report) last issued 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 company had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($10.44) EPS. On average, research analysts predict that Boeing will post -2.58 earnings per share for the current year.

Boeing Company Profile

(Get Free Report)

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

Featured Articles

Analyst Recommendations for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.