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

Shares of The Boeing Company (NYSE:BA) have earned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, fourteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $198.95.

BA has been the subject of several research analyst reports. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Susquehanna upped their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. StockNews.com upgraded Boeing to a “sell” rating in a report on Saturday, April 5th. Deutsche Bank Aktiengesellschaft upped their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, Melius Research set a $204.00 price objective on Boeing in a research note on Monday, March 24th.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BA. AdvisorNet Financial Inc raised its position in shares of Boeing by 54.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after purchasing an additional 710 shares during the period. Carnegie Investment Counsel increased its position in Boeing by 175.6% in the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after buying an additional 2,943 shares during the period. Principal Financial Group Inc. lifted its stake in Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after buying an additional 38,332 shares during the last quarter. World Investment Advisors LLC boosted its holdings in shares of Boeing by 243.4% during the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock valued at $818,000 after acquiring an additional 3,814 shares during the period. Finally, Amundi grew its position in shares of Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after acquiring an additional 1,292,417 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Up 3.4 %

Shares of Boeing stock opened at $161.84 on Friday. Boeing has a fifty-two week low of $128.88 and a fifty-two week high of $196.95. The business’s fifty day moving average is $166.78 and its two-hundred day moving average is $163.98. The firm has a market cap of $121.39 billion, a PE ratio of -8.83 and a beta of 1.24.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) earnings per share. Equities research analysts anticipate that Boeing will post -2.58 EPS for the current year.

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.