StockNews.com Downgrades Boeing (NYSE:BA) to Sell

Boeing (NYSE:BA) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

A number of other equities analysts have also recently issued reports on BA. TD Cowen reduced their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Edward Jones lowered Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Citigroup dropped their price target on Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price target on Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Barclays dropped their price target on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $222.41.

Boeing Trading Up 0.2 %

Shares of BA opened at $167.22 on Friday. Boeing has a 1 year low of $159.70 and a 1 year high of $267.54. The stock has a market cap of $102.65 billion, a P/E ratio of -47.10, a price-to-earnings-growth ratio of 140.08 and a beta of 1.52. The stock’s 50-day moving average price is $186.53 and its two-hundred day moving average price is $206.55.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter last year, the business posted ($1.75) EPS. Boeing’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities analysts forecast that Boeing will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC bought a new position in Boeing in the fourth quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Boeing during the 4th quarter worth approximately $28,000. Evolution Advisers Inc. bought a new position in shares of Boeing during the 4th quarter worth approximately $28,000. CNB Bank boosted its stake in shares of Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after acquiring an additional 66 shares during the period. Finally, Vima LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $34,000. 64.82% of the stock is currently owned by institutional investors.

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.