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

Shares of The Boeing Company (NYSE:BA) have been given a consensus recommendation of “Moderate Buy” by the twenty-three analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $259.80.

BA has been the topic of a number of analyst reports. Tigress Financial boosted their price objective on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Citigroup boosted their target price on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Wolfe Research reissued an “outperform” rating and set a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Finally, Argus raised shares of Boeing to a “hold” rating in a research note on Monday, February 2nd.

Boeing Trading Up 0.9%

BA stock opened at $230.75 on Friday. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. Boeing has a twelve month low of $176.77 and a twelve month high of $254.35. The stock has a market capitalization of $181.90 billion, a price-to-earnings ratio of 112.01 and a beta of 1.21. The firm’s fifty day simple moving average is $218.89 and its two-hundred day simple moving average is $219.53.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter last year, the firm earned ($0.49) EPS. The company’s revenue was up 14.0% on a year-over-year basis. As a group, analysts anticipate that Boeing will post -0.15 earnings per share for the current year.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA appears to be clearing the way for Boeing to move toward a 47-per-month production rate for the 737 MAX, signaling improving confidence in the company’s manufacturing stability and certification progress. 777X in 2027? FAA Suggests So, as Boeing Stock (NYSE:BA) Rises
• Positive Sentiment: CEO Kelly Ortberg said the 737 production ramp is stabilizing and that certification efforts are intensifying, reinforcing the view that Boeing is making operational progress after years of setbacks. Boeing CEO says 737 production ramp is stabilizing as certification push intensifies
• Positive Sentiment: Reports that China agreed to buy 200 Boeing aircraft continue to support the stock, with management describing the deal as only an initial tranche of potentially larger orders. Boeing CEO says 200-jet China deal an ‘initial tranche’ with more to come
• Positive Sentiment: Boeing also won an $854.7 million contract modification for P-8A aircraft for foreign military sales, adding to its defense backlog and helping offset commercial aircraft volatility. The Boeing Company wins $854.7M modification for P-8A aircraft for FMS
• Neutral Sentiment: A broader industry note said aerospace stocks are benefiting from an aftermarket rebound, which could provide a supportive backdrop for Boeing but does not directly change company fundamentals. 3 Aerospace Stocks Ready to Ride the Aftermarket Rebound
• Neutral Sentiment: Boeing’s SkyGrid unit announced new partnerships in U-space and advanced air mobility, which expands long-term optionality but is not likely to drive near-term stock moves. Boeing’s SkyGrid Moves Into U Space And Advanced Air Mobility

Insiders Place Their Bets

In related news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the purchase, the director owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mortimer J. Buckley bought 2,230 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were bought at an average cost of $224.20 per share, with a total value of $499,966.00. Following the completion of the purchase, the director directly owned 4,430 shares of the company’s stock, valued at approximately $993,206. This trade represents a 101.36% increase in their position. The SEC filing for this purchase provides additional information. 0.10% of the stock is currently owned by insiders.

Institutional Trading of Boeing

A number of large investors have recently made changes to their positions in the stock. Fisher Asset Management LLC raised its holdings in shares of Boeing by 3.3% in the third quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock valued at $1,188,153,000 after acquiring an additional 177,597 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Boeing by 41.1% in the third quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock valued at $48,316,000 after acquiring an additional 65,216 shares in the last quarter. Princeton Capital Management LLC raised its holdings in Boeing by 78.3% in the fourth quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock worth $2,660,000 after purchasing an additional 5,381 shares in the last quarter. Granite Investment Partners LLC raised its holdings in Boeing by 1,984.0% in the third quarter. Granite Investment Partners LLC now owns 31,448 shares of the aircraft producer’s stock worth $6,787,000 after purchasing an additional 29,939 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Boeing in the fourth quarter worth about $55,787,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Company Profile

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.