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

The Boeing Company (NYSE:BA) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $195.16.

Several equities research analysts recently commented on BA shares. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft boosted their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, UBS Group boosted their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BridgePort Financial Solutions LLC acquired a new stake in Boeing in the fourth quarter valued at $272,000. Brooklyn FI LLC acquired a new position in shares of Boeing during the 4th quarter worth $573,000. Fidelity D & D Bancorp Inc. purchased a new position in shares of Boeing in the 4th quarter valued at about $211,000. Skyline Advisors Inc. lifted its stake in shares of Boeing by 24.2% in the fourth quarter. Skyline Advisors Inc. now owns 2,711 shares of the aircraft producer’s stock valued at $480,000 after purchasing an additional 528 shares during the period. Finally, REAP Financial Group LLC boosted its holdings in Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock worth $31,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

BA opened at $170.24 on Thursday. Boeing has a one year low of $137.03 and a one year high of $203.80. The company has a market cap of $127.69 billion, a P/E ratio of -9.29 and a beta of 1.52. The business’s 50-day simple moving average is $176.72 and its 200-day simple moving average is $164.64.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm posted ($0.47) EPS. As a group, analysts predict that Boeing will post -2.58 earnings per share for the current fiscal year.

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.