The Boeing Company (NYSE:BA) Receives $195.68 Average PT from Analysts

The Boeing Company (NYSE:BA) has received an average rating of “Moderate Buy” from the twenty-three research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, fourteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $195.68.

Several equities research analysts have recently weighed in on BA shares. Susquehanna raised their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. StockNews.com upgraded Boeing to a “sell” rating in a research report on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Melius upgraded shares of Boeing from a “hold” rating to a “buy” rating in a report on Monday. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th.

Boeing Trading Down 2.3 %

Shares of NYSE BA opened at $178.42 on Monday. Boeing has a twelve month low of $137.03 and a twelve month high of $196.95. The firm has a 50-day moving average of $173.74 and a two-hundred day moving average of $164.00. The company has a market capitalization of $133.83 billion, a price-to-earnings ratio of -9.74 and a beta of 1.53.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the business earned ($0.47) EPS. As a group, research analysts predict that Boeing will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Boeing

Several institutional investors have recently bought and sold shares of the stock. Prostatis Group LLC increased its holdings in shares of Boeing by 23.3% during the 4th quarter. Prostatis Group LLC now owns 8,096 shares of the aircraft producer’s stock valued at $1,433,000 after acquiring an additional 1,531 shares during the last quarter. Chancellor Financial Group WB LP bought a new stake in Boeing during the fourth quarter worth approximately $313,000. Objective Capital Management LLC acquired a new position in Boeing during the fourth quarter valued at approximately $219,000. 111 Capital bought a new position in shares of Boeing in the fourth quarter valued at approximately $681,000. Finally, Thoma Capital Management LLC acquired a new stake in shares of Boeing in the fourth quarter worth $508,000. 64.82% of the stock is currently owned by institutional investors.

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.