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

The Boeing Company (NYSE:BA) has earned an average rating of “Moderate Buy” from the twenty-three brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $195.68.

Several analysts have recently issued reports on the stock. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Susquehanna upped their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Wells Fargo & Company upped their target price on shares of Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research note on Monday, March 17th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd.

Boeing Trading Up 3.2 %

BA opened at $178.32 on Monday. The company’s fifty day moving average price is $172.98 and its two-hundred day moving average price is $163.59. Boeing has a 1-year low of $137.03 and a 1-year high of $196.95. The company has a market cap of $133.75 billion, a price-to-earnings ratio of -9.73 and a beta of 1.53.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) EPS. As a group, equities analysts forecast that Boeing will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Boeing

Institutional investors and hedge funds have recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Boeing in the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing in the fourth quarter worth about $27,000. Fiduciary Advisors Inc. purchased a new stake in Boeing in the fourth quarter valued at approximately $28,000. HighMark Wealth Management LLC raised its stake in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. Finally, REAP Financial Group LLC raised its stake in Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

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.