Boeing (NYSE:BA) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of Boeing (NYSE:BA) in a research note published on Wednesday, Marketbeat.com reports. The brokerage issued an overweight rating and a $250.00 price target on the aircraft producer’s stock.

A number of other equities research analysts have also weighed in on BA. TD Cowen reissued a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. Citigroup restated a “buy” rating on shares of Boeing in a research report on Thursday, February 5th. Susquehanna reaffirmed a “positive” rating and issued a $280.00 price target on shares of Boeing in a research note on Thursday, January 15th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada increased their price objective on Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.10.

Boeing Price Performance

Shares of NYSE:BA opened at $207.51 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37. The stock has a market cap of $162.97 billion, a PE ratio of 103.24 and a beta of 1.13. The company’s fifty day moving average is $224.89 and its 200 day moving average is $216.53. Boeing has a 52 week low of $128.88 and a 52 week high of $254.35.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $10.32. The business had revenue of $23.95 billion for the quarter, compared to analysts’ expectations of $22.41 billion. During the same quarter in the previous year, the company earned ($5.90) earnings per share. The business’s quarterly revenue was up 57.1% on a year-over-year basis. Research analysts anticipate that Boeing will post -2.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Ann M. Schmidt sold 6,281 shares of Boeing stock in a transaction that occurred 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 sale, the senior vice president directly owned 13,978 shares in the company, valued at approximately $3,401,825.86. This trade represents a 31.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Howard E. Mckenzie sold 10,497 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $233.99, for a total value of $2,456,193.03. Following the transaction, the executive vice president directly owned 14,692 shares in the company, valued at $3,437,781.08. This trade represents a 41.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,012 shares of company stock worth $4,980,687 in the last quarter. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Boeing

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Purus Wealth Management LLC increased its position in Boeing by 3.6% during the 4th quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer’s stock valued at $256,000 after purchasing an additional 41 shares during the period. West Wealth Group LLC lifted its position in shares of Boeing by 0.6% in the 4th quarter. West Wealth Group LLC now owns 7,279 shares of the aircraft producer’s stock worth $1,581,000 after purchasing an additional 42 shares during the period. First Heartland Consultants Inc. boosted its stake in shares of Boeing by 1.1% during the 4th quarter. First Heartland Consultants Inc. now owns 4,062 shares of the aircraft producer’s stock valued at $882,000 after purchasing an additional 43 shares in the last quarter. XML Financial LLC increased its position in shares of Boeing by 0.5% during the fourth quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock valued at $1,933,000 after buying an additional 43 shares during the period. Finally, Global Financial Private Client LLC increased its position in shares of Boeing by 1.1% during the fourth quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer’s stock valued at $874,000 after buying an additional 44 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Pentagon framework to triple PAC-3 seeker production gives Boeing a multiyear defense revenue tailwind and drove buying interest in BA. Boeing, Lockheed Martin to boost production of PAC-3 MSE seekers, Pentagon says
• Positive Sentiment: Wells Fargo initiated coverage with an “overweight” rating and $250 price target — a vote of confidence from a large dealer that likely supported the rally. Wells Fargo says Boeing stock is still a ‘bargain’
• Positive Sentiment: Legal clarity: a U.S. appeals court upheld a decision dismissing a criminal case tied to the 737 MAX crashes, removing a longstanding overhang on Boeing’s risk profile. US appeals court upholds decision to dismiss Boeing criminal case
• Positive Sentiment: Market momentum and defense-focused flows lifted aerospace names broadly; several outlets flagged Boeing gains after the Pentagon news. Boeing Jumps on New Pentagon Deal. Should You Buy BA Stock Here?
• Neutral Sentiment: Boeing set an April 22 date to report Q1 results — a near-term catalyst that could confirm whether defense wins and improving operations flow through the quarter. Boeing to Release First Quarter Results on April 22
• Neutral Sentiment: MSN/BNP Paribas notes supply-chain signs of stabilization — a constructive development — but cautions 737 output remains below targeted levels. Boeing supply chain shows signs of stabilization as 737 output trails target: BNP Paribas
• Negative Sentiment: Production delays at Boeing and Airbus are boosting aftermarket stocks — a signal that ongoing output constraints could persist and limit near-term commercial delivery growth. Aerospace Aftermarket Stocks Rise Amid Boeing, Airbus Delays

Boeing Company Profile

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.