The Boeing Company (NYSE:BA) Stock Has Average Target Price of $247.88

Shares of The Boeing Company (NYSE:BA) have been given an average recommendation of “Moderate Buy” by the thirty-three analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, twenty-one have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $247.88.

BA has been the subject of a number of recent analyst reports. UBS Group lowered their target price on shares of Boeing from $275.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Morgan Stanley cut their price target on shares of Boeing from $225.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 28th. Scotiabank upgraded shares of Boeing to an “outperform” rating in a report on Wednesday, October 28th. Piper Sandler lowered shares of Boeing from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 28th. Finally, Wells Fargo & Company lowered their price objective on shares of Boeing from $250.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th.

Insider Buying and Selling

In other news, Director Steven M. Mollenkopf purchased 2,950 shares of the stock in a transaction on Friday, October 30th. The stock was purchased at an average price of $173.03 per share, with a total value of $510,438.50. Following the completion of the transaction, the director owned 6,717 shares in the company, valued at approximately $1,162,242.51. The trade was a 78.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Raymond sold 2,994 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $174.91, for a total value of $523,680.54. Following the sale, the executive vice president directly owned 38,456 shares of the company’s stock, valued at approximately $6,726,338.96. This trade represents a 7.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Boeing

A number of large investors have recently modified their holdings of BA. SteelPeak Wealth LLC raised its holdings in Boeing by 660.0% in the third quarter. SteelPeak Wealth LLC now owns 94,976 shares of the aircraft producer’s stock valued at $17,670,000 after buying an additional 82,479 shares during the period. McAlister Sweet & Associates Inc. grew its stake in Boeing by 57.2% during the third quarter. McAlister Sweet & Associates Inc. now owns 45,420 shares of the aircraft producer’s stock worth $8,450,000 after buying an additional 16,531 shares during the period. Integrated Wealth Concepts LLC grew its stake in Boeing by 16.0% during the second quarter. Integrated Wealth Concepts LLC now owns 42,417 shares of the aircraft producer’s stock worth $9,182,000 after buying an additional 5,862 shares during the period. T3 Companies LLC grew its stake in Boeing by 1,487.1% during the third quarter. T3 Companies LLC now owns 17,458 shares of the aircraft producer’s stock worth $3,248,000 after buying an additional 16,358 shares during the period. Finally, Mather Group LLC. grew its stake in Boeing by 347.3% during the third quarter. Mather Group LLC. now owns 23,183 shares of the aircraft producer’s stock worth $4,313,000 after buying an additional 18,000 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Boeing

Investors following BA have been watching these headlines:

• Positive Sentiment: Boeing’s reported $745 billion backlog underscores strong demand. Separately, the company is targeting $10 billion in free cash flow by 2029; meeting production and certification milestones could support significant long-term upside, although execution is key. Article: $500 Invested in Boeing Today Could Be Worth This Much in 3 Years
• Negative Sentiment: A law firm announced an investigation into possible securities violations and is seeking information from investors who suffered losses. The announcement is not a finding of wrongdoing, but may add reputational and legal uncertainty. Article: Kaplan Fox Investigates Boeing
• Negative Sentiment: EVP David Raymond sold 2,994 shares, reducing his holdings by 7.22%. The sale was limited in size, but insider selling can contribute to cautious sentiment. Article: Boeing EVP Sells 2,994 Shares

Boeing Stock Down 0.1%

BA opened at $171.45 on Friday. Boeing has a 12 month low of $165.01 and a 12 month high of $254.35. The business has a 50-day moving average of $188.81 and a two-hundred day moving average of $213.49. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.13 and a quick ratio of 0.34. The stock has a market capitalization of $135.86 billion, a price-to-earnings ratio of 18.66 and a beta of 1.34.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.09). The company had revenue of $24.19 billion for the quarter, compared to analysts’ expectations of $23.95 billion. Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($7.47) earnings per share. On average, research analysts expect that Boeing will post -1.84 earnings per share for the current year.

Boeing Company Profile

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world. Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.