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

The Boeing Company (NYSE:BA) has been assigned a consensus rating of “Moderate Buy” from the twenty-four brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $190.11.

A number of equities analysts have recently commented on BA shares. UBS Group lowered their price target on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday. Jefferies Financial Group decreased their price target 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. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, Susquehanna cut their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th.

Boeing Stock Performance

Shares of Boeing stock opened at $169.63 on Friday. The firm has a 50-day moving average of $152.49 and a 200-day moving average of $166.16. Boeing has a 52-week low of $137.03 and a 52-week high of $267.54. The stock has a market cap of $104.87 billion, a PE ratio of -13.15 and a beta of 1.56.

Boeing (NYSE:BA) last issued 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 during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the business posted ($3.26) EPS. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts predict that Boeing will post -16.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BA. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing during the third quarter valued at about $28,000. Cedar Wealth Management LLC purchased a new stake in Boeing in the 3rd quarter valued at about $30,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing during the 2nd quarter worth approximately $33,000. Hobbs Group Advisors LLC purchased a new position in shares of Boeing in the 2nd quarter worth approximately $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after acquiring an additional 165 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

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.