The Boeing Company (NYSE:BA) Receives Consensus Rating of “Moderate Buy” from Analysts

The Boeing Company (NYSE:BA) has earned a consensus recommendation of “Moderate Buy” from the twenty-four analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $201.85.

A number of analysts recently issued reports on BA shares. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $140.00 target price (up previously from $111.00) on shares of Boeing in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Melius Research set a $204.00 price target on Boeing in a research report on Monday, March 24th. StockNews.com raised Boeing from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Cowen reissued a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th.

Boeing Stock Performance

NYSE:BA opened at $198.40 on Tuesday. The stock’s 50-day simple moving average is $167.71 and its 200 day simple moving average is $167.30. The company has a market cap of $149.59 billion, a P/E ratio of -10.83 and a beta of 1.41. Boeing has a 52-week low of $128.88 and a 52-week high of $198.78.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. Boeing’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.13) EPS. As a group, equities analysts predict that Boeing will post -2.58 earnings per share for the current fiscal year.

Insider Activity at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the sale, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Institutional Trading of Boeing

Large investors have recently bought and sold shares of the business. Sierra Ocean LLC acquired a new stake in Boeing in the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing during the fourth quarter worth about $27,000. American National Bank & Trust increased its stake in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after buying an additional 128 shares during the period. Fiduciary Advisors Inc. bought a new position in Boeing in the 4th quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC raised its holdings in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

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.