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

The Boeing Company (NYSE:BA) has received an average rating of “Moderate Buy” from the twenty-four ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $209.83.

A number of brokerages have recently commented on BA. Wells Fargo & Company reissued an “underweight” rating and issued a $119.00 price target (down from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Susquehanna reaffirmed a “positive” rating and issued a $230.00 price objective on shares of Boeing in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research report on Tuesday, June 25th. Robert W. Baird lowered their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Finally, Baird R W raised Boeing to a “strong-buy” rating in a research report on Monday, June 3rd.

Institutional Investors Weigh In On Boeing

A number of large investors have recently made changes to their positions in BA. Brio Consultants LLC purchased a new stake in shares of Boeing during the fourth quarter valued at $207,000. Gryphon Financial Partners LLC purchased a new stake in Boeing in the fourth quarter valued at $258,000. Rathbones Group PLC boosted its holdings in Boeing by 0.6% in the fourth quarter. Rathbones Group PLC now owns 14,833 shares of the aircraft producer’s stock valued at $3,866,000 after purchasing an additional 85 shares during the last quarter. KBC Group NV boosted its holdings in Boeing by 8.2% in the fourth quarter. KBC Group NV now owns 39,196 shares of the aircraft producer’s stock valued at $10,217,000 after purchasing an additional 2,977 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Boeing by 8.0% in the fourth quarter. Jones Financial Companies Lllp now owns 3,162 shares of the aircraft producer’s stock valued at $824,000 after purchasing an additional 235 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Up 1.1 %

Shares of BA stock opened at $156.32 on Monday. The business has a 50-day moving average price of $168.52 and a two-hundred day moving average price of $176.10. Boeing has a 12-month low of $151.65 and a 12-month high of $267.54. The firm has a market cap of $95.96 billion, a P/E ratio of -44.03 and a beta of 1.57.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter in the prior year, the company posted ($0.82) EPS. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. As a group, research analysts expect that Boeing will post -4.27 EPS for the current fiscal 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.