The Boeing Company (NYSE:BA) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of The Boeing Company (NYSE:BA - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-three research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $211.29.

Several equities analysts have weighed in on the company. Stifel Nicolaus raised their price target on Boeing from $230.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $225.00 target price on shares of Boeing in a research note on Tuesday, June 25th. Baird R W raised shares of Boeing to a "strong-buy" rating in a research note on Monday, June 3rd. Sanford C. Bernstein cut their price objective on shares of Boeing from $222.00 to $207.00 and set an "outperform" rating for the company in a research report on Monday, August 5th. Finally, Wells Fargo & Company restated an "underweight" rating and set a $119.00 target price (down previously from $185.00) on shares of Boeing in a research report on Tuesday.

Hedge Funds Weigh In On Boeing

A number of hedge funds have recently made changes to their positions in BA. JFS Wealth Advisors LLC lifted its position in shares of Boeing by 2.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 2,536 shares of the aircraft producer's stock worth $661,000 after purchasing an additional 50 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Boeing by 1.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer's stock worth $1,094,000 after buying an additional 50 shares during the period. Davis R M Inc. lifted its holdings in shares of Boeing by 1.8% during the fourth quarter. Davis R M Inc. now owns 2,943 shares of the aircraft producer's stock worth $767,000 after buying an additional 52 shares during the last quarter. Westpac Banking Corp boosted its position in shares of Boeing by 1.6% in the fourth quarter. Westpac Banking Corp now owns 3,336 shares of the aircraft producer's stock valued at $870,000 after acquiring an additional 54 shares during the period. Finally, Chicago Partners Investment Group LLC grew its stake in shares of Boeing by 0.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer's stock worth $3,895,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Stock Down 0.7 %

Shares of Boeing stock traded down $1.07 on Thursday, hitting $162.15. The company's stock had a trading volume of 4,713,935 shares, compared to its average volume of 7,889,723. The company has a market capitalization of $99.54 billion, a P/E ratio of -45.97 and a beta of 1.56. Boeing has a 52-week low of $158.30 and a 52-week high of $267.54. The firm has a fifty day moving average price of $177.43 and a 200-day moving average price of $181.26.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter in the previous year, the business earned ($0.82) earnings per share. Boeing's quarterly revenue was down 14.6% on a year-over-year basis. As a group, analysts expect that Boeing will post -4.26 earnings per share for the current year.

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.