The Boeing Company (NYSE:BA) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of The Boeing Company (NYSE:BA) have received an average recommendation of “Moderate Buy” from the twenty-four research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $220.89.

BA has been the topic of several recent research reports. Benchmark reissued a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Tuesday, March 26th. Citigroup reduced their price objective on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Melius reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Baird R W raised Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th.

Institutional Investors Weigh In On Boeing

Several hedge funds and other institutional investors have recently made changes to their positions in BA. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing in the 4th quarter valued at approximately $26,000. Evolution Advisers Inc. bought a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Boeing during the 4th quarter worth approximately $28,000. Vima LLC acquired a new stake in Boeing in the fourth quarter valued at about $34,000. Finally, McClarren Financial Advisors Inc. increased its holdings in shares of Boeing by 451.4% during the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after buying an additional 158 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Down 0.3 %

Shares of BA stock opened at $182.05 on Friday. The company has a market capitalization of $111.76 billion, a price-to-earnings ratio of -51.28 and a beta of 1.55. The firm has a 50-day moving average price of $178.50 and a 200 day moving average price of $198.77. Boeing has a twelve month low of $159.70 and a twelve month high of $267.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. As a group, research analysts predict that Boeing will post -1.67 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.