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

Shares of The Boeing Company (NYSE:BA) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-four analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $190.11.

Several brokerages have commented on BA. Robert W. Baird decreased their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Jefferies Financial Group lowered their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Susquehanna reduced their target price on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Finally, Wells Fargo & Company lowered their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th.

Boeing Price Performance

BA opened at $177.35 on Friday. The stock’s 50 day simple moving average is $155.10 and its 200 day simple moving average is $166.06. The firm has a market cap of $109.64 billion, a price-to-earnings ratio of -13.75 and a beta of 1.56. Boeing has a 1 year low of $137.03 and a 1 year high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.26) earnings per share. As a group, sell-side analysts anticipate that Boeing will post -16.18 EPS for the current year.

Institutional Trading of Boeing

Large investors have recently modified their holdings of the company. Lantz Financial LLC raised its position in Boeing by 109.7% in the second quarter. Lantz Financial LLC now owns 2,695 shares of the aircraft producer’s stock worth $491,000 after acquiring an additional 1,410 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Boeing by 19.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,425 shares of the aircraft producer’s stock worth $3,172,000 after purchasing an additional 2,788 shares during the period. Raymond James & Associates lifted its position in Boeing by 0.8% during the second quarter. Raymond James & Associates now owns 968,727 shares of the aircraft producer’s stock valued at $176,318,000 after purchasing an additional 7,873 shares in the last quarter. Montchanin Asset Management LLC lifted its position in Boeing by 5.0% during the second quarter. Montchanin Asset Management LLC now owns 9,105 shares of the aircraft producer’s stock valued at $1,657,000 after purchasing an additional 430 shares in the last quarter. Finally, Williams Financial LLC bought a new stake in Boeing during the second quarter valued at about $1,637,000. 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.