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

The Boeing Company (NYSE:BAGet Free Report) has been assigned an average rating of “Moderate Buy” from the twenty-six brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $246.1364.

Several equities analysts have weighed in on the stock. Citigroup restated a “buy” rating on shares of Boeing in a report on Thursday, February 5th. New Street Research set a $257.00 price target on shares of Boeing in a report on Tuesday, December 9th. Royal Bank Of Canada increased their price target on shares of Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Vertical Research reissued a “buy” rating and set a $281.00 price objective on shares of Boeing in a research note on Tuesday, January 27th. Finally, BNP Paribas Exane set a $150.00 price objective on Boeing in a research report on Tuesday, November 18th.

View Our Latest Analysis on Boeing

Insider Buying and Selling

In other news, SVP Ann M. Schmidt sold 6,281 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total value of $1,528,606.97. Following the completion of the transaction, the senior vice president directly owned 13,978 shares of the company’s stock, valued at $3,401,825.86. The trade was a 31.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Uma M. Amuluru sold 2,731 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $236.00, for a total value of $644,516.00. Following the completion of the sale, the executive vice president owned 11,925 shares in the company, valued at $2,814,300. This represents a 18.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 21,012 shares of company stock worth $4,980,687. 0.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Redwood Family Wealth LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $341,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Boeing during the fourth quarter valued at approximately $63,000. Mengis Capital Management Inc. boosted its position in Boeing by 6.0% during the fourth quarter. Mengis Capital Management Inc. now owns 20,970 shares of the aircraft producer’s stock worth $4,553,000 after acquiring an additional 1,195 shares during the last quarter. Worthington Financial Partners LLC purchased a new stake in Boeing in the 4th quarter worth approximately $537,000. Finally, Bayban purchased a new stake in Boeing in the 4th quarter worth approximately $29,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Up 4.1%

Boeing stock opened at $231.12 on Monday. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The firm has a market capitalization of $181.51 billion, a price-to-earnings ratio of 114.99 and a beta of 1.14. Boeing has a fifty-two week low of $128.88 and a fifty-two week high of $254.35. The stock’s fifty day moving average is $235.70 and its two-hundred day moving average is $219.73.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $10.32. The firm had revenue of $23.95 billion for the quarter, compared to analyst estimates of $22.41 billion. During the same period last year, the firm earned ($5.90) EPS. The company’s quarterly revenue was up 57.1% compared to the same quarter last year. Analysts predict that Boeing will post -2.58 EPS for the current fiscal year.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

Boeing Company Profile

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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.

Further Reading

Analyst Recommendations for Boeing (NYSE:BA)

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