Boeing (NYSE:BA) Rating Reiterated by Melius Research

Boeing (NYSE:BA)‘s stock had its “hold” rating reaffirmed by analysts at Melius Research in a note issued to investors on Monday, Benzinga reports.

Several other brokerages have also issued reports on BA. UBS Group dropped their target price on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, March 25th. Royal Bank of Canada lowered their price objective on shares of Boeing from $285.00 to $260.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Tuesday, March 26th. Finally, Northcoast Research lowered shares of Boeing from a “buy” rating to a “neutral” rating in a report on Friday, February 23rd. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $241.53.

Boeing Trading Down 0.7 %

BA stock opened at $188.17 on Monday. The firm has a 50 day moving average of $199.27 and a 200-day moving average of $209.46. Boeing has a 12 month low of $176.25 and a 12 month high of $267.54. The firm has a market capitalization of $114.81 billion, a P/E ratio of -51.16, a price-to-earnings-growth ratio of 48.46 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter last year, the business posted ($1.75) earnings per share. Boeing’s revenue was up 10.2% compared to the same quarter last year. Sell-side analysts predict that Boeing will post 1 EPS for the current year.

Hedge Funds Weigh In On Boeing

A number of hedge funds have recently bought and sold shares of BA. United Bank boosted its stake in Boeing by 4.7% in the 1st quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock worth $964,000 after purchasing an additional 226 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Boeing by 1,064.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock valued at $163,000 after purchasing an additional 777 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Boeing by 68.0% during the 1st quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock valued at $1,362,000 after purchasing an additional 2,879 shares during the last quarter. Prudential PLC purchased a new stake in shares of Boeing during the 1st quarter valued at about $836,000. Finally, Dakota Wealth Management increased its position in shares of Boeing by 26.7% during the 1st quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock valued at $408,000 after purchasing an additional 448 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

About Boeing

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.