The Boeing Company (NYSE:BA) Receives $192.21 Consensus PT from Brokerages

The Boeing Company (NYSE:BA) has received a consensus recommendation of “Moderate Buy” from the twenty-three research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $192.21.

BA has been the topic of a number of recent analyst reports. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Citigroup dropped their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Finally, TD Cowen lowered their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th.

Boeing Stock Performance

Shares of Boeing stock opened at $172.08 on Wednesday. The stock has a market cap of $106.38 billion, a P/E ratio of -13.34 and a beta of 1.52. The stock’s fifty day moving average is $161.39 and its 200 day moving average is $165.16. Boeing has a one year low of $137.03 and a one year high of $228.28.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the business earned ($3.26) earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts predict that Boeing will post -16.18 EPS for the current year.

Hedge Funds Weigh In On Boeing

Several large investors have recently modified their holdings of BA. RPg Family Wealth Advisory LLC bought a new position in Boeing during the third quarter valued at $28,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing during the 3rd quarter worth about $30,000. Kiely Wealth Advisory Group Inc. purchased a new stake in Boeing in the 2nd quarter worth about $33,000. Strategic Financial Concepts LLC bought a new stake in Boeing in the second quarter worth about $41,000. Finally, Planning Capital Management Corp boosted its position in shares of Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 289 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Company Profile

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.