Boeing (NYSE:BA) Stock Rating Upgraded by StockNews.com

Boeing (NYSE:BA - Get Free Report) was upgraded by analysts at StockNews.com to a "sell" rating in a note issued to investors on Thursday.

BA has been the subject of several other research reports. TD Securities reaffirmed a "buy" rating and issued a $180.00 price objective on shares of Boeing in a research report on Thursday. Benchmark cut their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday. Susquehanna raised their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Melius Research set a $204.00 target price on Boeing in a report on Monday, March 24th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $198.45.

Boeing Trading Up 2.3 %

BA traded up $3.90 during midday trading on Thursday, hitting $176.27. The company's stock had a trading volume of 10,971,155 shares, compared to its average volume of 9,071,432. The firm has a market cap of $132.22 billion, a P/E ratio of -9.62 and a beta of 1.24. Boeing has a 52-week low of $128.88 and a 52-week high of $196.95. The firm has a 50-day moving average price of $165.01 and a two-hundred day moving average price of $164.43.

Boeing (NYSE:BA - Get Free Report) 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 analysts' expectations of $19.57 billion. On average, equities analysts expect that Boeing will post -2.58 EPS for the current year.

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 19,213 shares of the company's stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.09% of the company's stock.

Hedge Funds Weigh In On Boeing

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

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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