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

The Boeing Company (NYSE:BA - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-three brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, fourteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $198.95.

Several analysts recently issued reports on BA shares. Wells Fargo & Company dropped their target price on Boeing from $113.00 to $111.00 and set an "underweight" rating on the stock in a report on Tuesday. Citigroup increased their price objective on Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a report on Monday, February 10th. StockNews.com raised shares of Boeing to a "sell" rating in a research note on Saturday, April 5th. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Finally, Melius Research set a $204.00 price objective on shares of Boeing in a research report on Monday, March 24th.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents 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 insiders.

Institutional Investors Weigh In On Boeing

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc boosted its stake in Boeing by 54.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock valued at $358,000 after buying an additional 710 shares in the last quarter. Carnegie Investment Counsel grew its holdings in shares of Boeing by 175.6% during the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock valued at $818,000 after purchasing an additional 2,943 shares during the last quarter. Principal Financial Group Inc. increased its position in Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock worth $101,296,000 after purchasing an additional 38,332 shares in the last quarter. World Investment Advisors LLC lifted its stake in Boeing by 243.4% in the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock valued at $818,000 after purchasing an additional 3,814 shares during the last quarter. Finally, Amundi lifted its stake in Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after purchasing an additional 1,292,417 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of BA stock traded up $5.37 during trading hours on Friday, reaching $161.84. 9,213,706 shares of the company were exchanged, compared to its average volume of 9,054,624. Boeing has a fifty-two week low of $128.88 and a fifty-two week high of $196.95. The stock's fifty day moving average is $166.41 and its two-hundred day moving average is $164.03. The company has a market cap of $121.39 billion, a price-to-earnings ratio of -8.83 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly 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 period in the prior year, the company earned ($0.47) EPS. On average, research analysts anticipate that Boeing will post -2.58 earnings per share for the current year.

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.