Boeing (NYSE:BA) Stock Bumped Down to “Sell” by Wall Street Zen

Wall Street Zen lowered shares of Boeing (NYSE:BA) from a hold rating to a sell rating in a research note released on Saturday morning,Wall Street Zen reports.

A number of other analysts also recently commented on BA. BNP Paribas Exane upgraded shares of Boeing from an “underperform” rating to an “outperform” rating and boosted their price target for the stock from $230.00 to $300.00 in a research report on Monday, August 3rd. Rothschild & Co Redburn increased their price objective on shares of Boeing from $260.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Boeing from $244.00 to $248.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. William Blair reiterated an “outperform” rating on shares of Boeing in a research note on Wednesday, September 30th. Finally, Bank of America reissued a “buy” rating and set a $270.00 target price on shares of Boeing in a report on Friday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $266.96.

Boeing Price Performance

Shares of NYSE BA opened at $188.36 on Friday. Boeing has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The firm’s 50-day simple moving average is $200.75 and its 200 day simple moving average is $215.14. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The stock has a market cap of $148.87 billion, a P/E ratio of 81.54 and a beta of 1.26.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The company had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.24) EPS. Equities analysts expect that Boeing will post -1.08 EPS for the current year.

Hedge Funds Weigh In On Boeing

Several large investors have recently made changes to their positions in the business. B.O.S.S. Retirement Advisors LLC lifted its stake in Boeing by 1.4% during the first quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer’s stock valued at $632,000 after purchasing an additional 44 shares during the last quarter. Horizon Bancorp Inc. IN boosted its holdings in Boeing by 3.1% during the first quarter. Horizon Bancorp Inc. IN now owns 1,493 shares of the aircraft producer’s stock worth $297,000 after buying an additional 45 shares in the last quarter. Howe & Rusling Inc. boosted its holdings in Boeing by 2.5% during the first quarter. Howe & Rusling Inc. now owns 2,024 shares of the aircraft producer’s stock worth $403,000 after buying an additional 49 shares in the last quarter. Paul R. Ried Financial Group LLC grew its position in Boeing by 0.3% in the first quarter. Paul R. Ried Financial Group LLC now owns 18,060 shares of the aircraft producer’s stock worth $3,594,000 after buying an additional 49 shares during the last quarter. Finally, Barnes Pettey Financial Advisors LLC grew its position in Boeing by 4.0% in the first quarter. Barnes Pettey Financial Advisors LLC now owns 1,307 shares of the aircraft producer’s stock worth $260,000 after buying an additional 50 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA has granted final certification for Boeing’s long-delayed 737 MAX 10, removing a significant hurdle for deliveries and allowing the aircraft to compete more directly with Airbus’ A321neo. The approval could support Boeing’s backlog, revenue, cash flow, and long-term competitiveness. Boeing wins FAA certification for 737 MAX 10
• Positive Sentiment: Analysts and investors expect the MAX 10 approval, rising aircraft deliveries, and stronger commercial-services demand to improve earnings and support Boeing’s turnaround. A production recovery could also improve margins across the aerospace supply chain. Great News for Boeing Investors
• Positive Sentiment: GA-ASI, a General Atomics business, is partnering with Spirit Defense, a Boeing company, to support airframe production for the FQ-42 Vengeance Collaborative Combat Aircraft. The relationship highlights potential defense-manufacturing activity for Boeing-affiliated operations, although the financial impact was not disclosed. GA-ASI Partnering With Spirit Defense For FQ-42 CCA Production
• Neutral Sentiment: Boeing is scheduled to report third-quarter results before the market opens on October 27. Investors will focus on deliveries, free cash flow, MAX production, services demand, and management’s guidance for the recovery. Boeing Stock Preps the Runway Ahead of Earnings
• Negative Sentiment: Despite the certification win, investors remain concerned about Boeing’s high debt burden, weak liquidity metrics, supply-chain delays, negative returns on invested capital, and the company’s ability to convert production growth into sustainable cash flow. What’s Going on With Boeing Shares on Friday?

Boeing Company Profile

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.