Boeing (NYSE:BA) Upgraded by StockNews.com to “Sell” Rating

StockNews.com upgraded shares of Boeing (NYSE:BA) to a sell rating in a research report released on Saturday.

A number of other brokerages also recently issued reports on BA. Wells Fargo & Company lifted their price target 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Melius Research set a $204.00 target price on Boeing in a research report on Monday, March 24th. Susquehanna upped their price target on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Finally, Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $196.10.

Boeing Stock Down 9.5 %

Shares of BA opened at $136.61 on Friday. Boeing has a twelve month low of $132.79 and a twelve month high of $196.95. The company has a market capitalization of $102.47 billion, a P/E ratio of -7.46 and a beta of 1.53. The firm has a 50 day moving average of $172.36 and a 200 day moving average of $164.22.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the company earned ($0.47) earnings per share. On average, sell-side analysts expect that Boeing will post -2.58 EPS for the current year.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Boeing

A number of hedge funds have recently bought and sold shares of BA. AdvisorNet Financial Inc boosted its holdings in shares of Boeing by 54.2% in 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 boosted its stake in Boeing by 175.6% during 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. increased its position in Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after acquiring an additional 38,332 shares during the last quarter. World Investment Advisors LLC raised its stake in shares of Boeing by 243.4% in 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 lifted its holdings in shares of Boeing by 473.6% in the 4th 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. Hedge funds and other 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.