The Boeing Company (NYSE:BA) Receives $241.80 Consensus PT from Brokerages

Shares of The Boeing Company (NYSE:BA) have received a consensus recommendation of “Moderate Buy” from the twenty-five ratings firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, fifteen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $241.80.

Several research analysts have issued reports on the company. KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft cut Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a research note on Thursday, October 30th. Finally, Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research note on Tuesday, September 30th.

Boeing Trading Down 0.5%

Shares of NYSE BA opened at $196.65 on Tuesday. Boeing has a twelve month low of $128.88 and a twelve month high of $242.69. The firm has a 50-day moving average of $217.46 and a two-hundred day moving average of $213.49. The company has a market capitalization of $149.47 billion, a price-to-earnings ratio of -14.38 and a beta of 1.44.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. Boeing’s revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($10.44) earnings per share. As a group, research analysts predict that Boeing will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In other news, Director Mortimer J. Buckley acquired 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Boeing during the second quarter worth $378,459,000. Vanguard Group Inc. raised its stake in shares of Boeing by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock worth $11,197,468,000 after purchasing an additional 1,212,327 shares in the last quarter. Ninety One UK Ltd bought a new stake in shares of Boeing in the 3rd quarter valued at approximately $192,734,000. Amundi increased its holdings in Boeing by 75.5% in the second quarter. Amundi now owns 1,776,634 shares of the aircraft producer’s stock worth $376,700,000 after buying an additional 764,236 shares during the last quarter. Finally, Newport Trust Company LLC raised its position in Boeing by 2.5% during the third quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock valued at $6,301,901,000 after acquiring an additional 707,490 shares in the last quarter. Institutional investors and hedge funds 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.