Boeing (NYSE:BA) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of Boeing (NYSE:BA) from a hold rating to a sell rating in a research note released on Friday.

A number of other brokerages have also recently weighed in on BA. UBS Group reduced their price target on shares of Boeing from $275.00 to $250.00 and set a buy rating on the stock in a research report on Thursday, March 21st. Northcoast Research cut shares of Boeing from a neutral rating to a sell rating and set a $140.00 target price on the stock. in a research report on Wednesday, April 17th. The Goldman Sachs Group reduced their target price on shares of Boeing from $268.00 to $257.00 and set a buy rating on the stock in a research report on Monday, March 25th. Benchmark reissued a buy rating and set a $250.00 target price on shares of Boeing in a research report on Tuesday, March 26th. Finally, Morgan Stanley reduced their target price on shares of Boeing from $235.00 to $180.00 and set an equal weight rating on the stock in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $222.41.

Boeing Stock Up 0.3 %

Shares of BA stock opened at $167.26 on Friday. Boeing has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The firm’s 50 day moving average price is $186.53 and its two-hundred day moving average price is $206.46.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm earned ($1.75) earnings per share. Analysts expect that Boeing will post 0.3 EPS for the current year.

Institutional Trading of Boeing

Several institutional investors have recently added to or reduced their stakes in BA. CNB Bank increased its stake in Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares during the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in Boeing during the fourth quarter valued at $26,000. Evolution Advisers Inc. bought a new stake in Boeing during the fourth quarter valued at $28,000. DiNuzzo Private Wealth Inc. bought a new stake in Boeing during the fourth quarter valued at $28,000. Finally, Vima LLC bought a new stake in Boeing during the fourth quarter valued at $34,000. 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.