Boeing (NYSE:BA) Given Buy Rating at TD Securities

Boeing (NYSE:BA - Get Free Report)'s stock had its "buy" rating reaffirmed by TD Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $180.00 price objective on the aircraft producer's stock. TD Securities' target price would suggest a potential upside of 3.92% from the company's previous close.

A number of other research firms also recently weighed in on BA. Royal Bank of Canada restated an "outperform" rating on shares of Boeing in a research report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.70.

Boeing Trading Up 0.5 %

Shares of NYSE BA traded up $0.84 during mid-day trading on Thursday, reaching $173.21. The company had a trading volume of 3,380,646 shares, compared to its average volume of 8,771,432. The stock has a market cap of $129.92 billion, a PE ratio of -9.46 and a beta of 1.24. The company has a 50-day moving average price of $165.18 and a two-hundred day moving average price of $164.29. Boeing has a 1-year low of $128.88 and a 1-year high of $196.95.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. On average, research analysts expect that Boeing will post -2.58 EPS for the current year.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is owned by company insiders.

Hedge Funds Weigh In On Boeing

Large investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in Boeing during the 3rd quarter valued at about $7,544,000. World Investment Advisors LLC lifted its holdings in shares of Boeing by 243.4% during the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock worth $818,000 after purchasing an additional 3,814 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in shares of Boeing by 290.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer's stock worth $2,593,000 after purchasing an additional 12,680 shares during the period. Tidal Investments LLC lifted its holdings in shares of Boeing by 2.1% during the third quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer's stock worth $5,812,000 after purchasing an additional 804 shares during the period. Finally, Franklin Resources Inc. raised its position in Boeing by 1,296.3% during the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock valued at $169,386,000 after acquiring an additional 1,055,472 shares in 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.

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