The Boeing Company (NYSE:BA) Given Consensus Rating of “Moderate Buy” by Brokerages

The Boeing Company (NYSE:BA) has earned a consensus rating of “Moderate Buy” from the twenty-three analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $192.21.

A number of equities research analysts recently commented on the company. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company decreased their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Jefferies Financial Group decreased their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, TD Cowen dropped their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th.

Hedge Funds Weigh In On Boeing

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. One Wealth Capital Management LLC acquired a new stake in shares of Boeing in the 4th quarter valued at about $270,000. Diversified Trust Co grew its position in Boeing by 109.1% in the fourth quarter. Diversified Trust Co now owns 5,097 shares of the aircraft producer’s stock valued at $902,000 after purchasing an additional 2,659 shares in the last quarter. Bangor Savings Bank grew its position in Boeing by 1,159.3% in the fourth quarter. Bangor Savings Bank now owns 5,478 shares of the aircraft producer’s stock valued at $970,000 after purchasing an additional 5,043 shares in the last quarter. Doliver Advisors LP increased its stake in Boeing by 62.9% in the 4th quarter. Doliver Advisors LP now owns 5,397 shares of the aircraft producer’s stock valued at $955,000 after buying an additional 2,083 shares during the last quarter. Finally, CWA Asset Management Group LLC lifted its position in Boeing by 37.1% during the 4th quarter. CWA Asset Management Group LLC now owns 3,009 shares of the aircraft producer’s stock worth $533,000 after buying an additional 815 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

Shares of NYSE BA opened at $172.63 on Wednesday. Boeing has a 52-week low of $137.03 and a 52-week high of $233.85. The business has a fifty day moving average of $160.22 and a two-hundred day moving average of $165.27. The stock has a market cap of $106.72 billion, a PE ratio of -13.38 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($3.26) earnings per share. Analysts predict that Boeing will post -16.18 earnings per share for the current year.

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.