The Boeing Company (NYSE:BA) Receives Consensus Rating of “Moderate Buy” from Analysts

The Boeing Company (NYSE:BA) has been given an average recommendation of “Moderate Buy” by the twenty-three brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $192.21.

BA has been the topic of several research reports. The Goldman Sachs Group dropped their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Susquehanna decreased their price target 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. Morgan Stanley cut their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Finally, UBS Group decreased their target price on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th.

Boeing Price Performance

Shares of BA opened at $172.63 on Wednesday. Boeing has a 12 month low of $137.03 and a 12 month high of $233.85. The stock has a fifty day moving average price of $160.22 and a 200 day moving average price of $165.27. The company has a market cap of $106.72 billion, a P/E ratio of -13.38 and a beta of 1.52.

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

Institutional Investors Weigh In On Boeing

Hedge funds have recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new stake in Boeing in the 3rd quarter valued at $28,000. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing during the 2nd quarter valued at about $33,000. Cedar Wealth Management LLC bought a new stake in Boeing in the third quarter valued at about $30,000. Meeder Asset Management Inc. raised its position in Boeing by 325.4% in the second quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock worth $55,000 after purchasing an additional 231 shares in the last quarter. Finally, Fairscale Capital LLC bought a new position in Boeing during the second quarter worth about $59,000. 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.