The Boeing Company (NYSE:BA) Receives Consensus Rating of "Moderate Buy" from Brokerages

The Boeing Company (NYSE:BA - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-three brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, fourteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $195.68.

Several brokerages have issued reports on BA. Citigroup boosted their target price on Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Finally, StockNews.com raised shares of Boeing to a "sell" rating in a report on Wednesday, March 12th.

Remove Ads

Boeing Stock Up 0.4 %

BA traded up $0.63 during trading on Monday, hitting $179.18. 4,763,804 shares of the company traded hands, compared to its average volume of 8,614,416. The firm has a market cap of $134.40 billion, a P/E ratio of -9.78 and a beta of 1.53. Boeing has a one year low of $137.03 and a one year high of $196.95. The stock's fifty day moving average is $173.74 and its 200 day moving average is $164.00.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the company earned ($0.47) EPS. On average, equities research analysts forecast that Boeing will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by corporate insiders.

Institutional Trading of Boeing

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sierra Ocean LLC bought a new stake in Boeing during the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the fourth quarter valued at about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing during the third quarter worth about $28,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the fourth quarter worth about $28,000. Finally, HighMark Wealth Management LLC increased its holdings in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after purchasing an additional 90 shares during the period. 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.