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

Shares of The Boeing Company (NYSE:BA) have received an average recommendation of “Moderate Buy” from the twenty-four research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $206.00.

Several brokerages have issued reports on BA. Jefferies Financial Group cut their target price on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Wells Fargo & Company cut their target price on Boeing from $119.00 to $110.00 and set an “underweight” rating for the company in a research note on Tuesday, October 1st. Susquehanna reaffirmed a “positive” rating and issued a $230.00 target price on shares of Boeing in a research note on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft cut their target price on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Sanford C. Bernstein cut their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, August 5th.

Boeing Trading Up 3.0 %

Shares of NYSE BA opened at $155.00 on Monday. Boeing has a 12 month low of $149.49 and a 12 month high of $267.54. The firm has a market capitalization of $95.15 billion, a price-to-earnings ratio of -43.66 and a beta of 1.57. The business has a 50-day moving average of $165.48 and a 200-day moving average of $175.06.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same period last year, the firm earned ($0.82) earnings per share. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, analysts predict that Boeing will post -4.27 earnings per share for the current year.

Institutional Trading of Boeing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MRA Advisory Group purchased a new stake in Boeing in the third quarter worth $240,000. Apella Capital LLC raised its holdings in Boeing by 1.2% in the third quarter. Apella Capital LLC now owns 7,928 shares of the aircraft producer’s stock worth $1,212,000 after purchasing an additional 97 shares in the last quarter. Canandaigua National Bank & Trust Co. raised its holdings in Boeing by 22.5% in the third quarter. Canandaigua National Bank & Trust Co. now owns 18,954 shares of the aircraft producer’s stock worth $2,882,000 after purchasing an additional 3,476 shares in the last quarter. Czech National Bank raised its holdings in Boeing by 8.4% in the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after purchasing an additional 9,281 shares in the last quarter. Finally, SS&H Financial Advisors Inc. raised its holdings in Boeing by 7.3% in the second quarter. SS&H Financial Advisors Inc. now owns 7,720 shares of the aircraft producer’s stock worth $1,405,000 after purchasing an additional 525 shares in the last quarter. Hedge funds and other 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.