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

Shares of The Boeing Company (NYSE:BA) have received a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $220.89.

A number of brokerages have recently issued reports on BA. Northcoast Research downgraded Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a report on Wednesday, April 17th. JPMorgan Chase & Co. lowered their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Baird R W raised Boeing to a “strong-buy” rating in a report on Monday, June 3rd. StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Finally, Sanford C. Bernstein lowered their target price on Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd.

Institutional Trading of Boeing

Several institutional investors have recently made changes to their positions in BA. Vermillion & White Wealth Management Group LLC bought a new position in Boeing during the fourth quarter valued at approximately $26,000. Evolution Advisers Inc. bought a new position in Boeing during the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. bought a new position in Boeing during the fourth quarter valued at approximately $28,000. Vima LLC bought a new position in Boeing during the fourth quarter valued at approximately $34,000. Finally, McClarren Financial Advisors Inc. boosted its stake in Boeing by 451.4% during the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.1 %

Boeing stock opened at $176.56 on Friday. The company has a market capitalization of $108.39 billion, a price-to-earnings ratio of -49.74 and a beta of 1.55. Boeing has a 12 month low of $159.70 and a 12 month high of $267.54. The business’s fifty day simple moving average is $177.52 and its two-hundred day simple moving average is $200.87.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. On average, equities research analysts predict that Boeing will post -1.57 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.