The Boeing Company (NYSE:BA) Receives $262.32 Average PT from Brokerages

The Boeing Company (NYSE:BA) has received an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $262.3158.

Several analysts recently commented on BA shares. Morgan Stanley raised their price target on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Jefferies Financial Group restated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Tigress Financial lifted their target price 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 report on Friday, April 24th. Finally, Citigroup lifted their target price on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, May 18th.

Boeing Stock Up 0.4%

BA stock opened at $223.51 on Wednesday. The firm has a market cap of $176.19 billion, a PE ratio of 108.50 and a beta of 1.20. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The firm’s fifty day moving average is $224.23 and its 200 day moving average is $223.07. Boeing has a one year low of $176.77 and a one year high of $254.35.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.49) EPS. On average, research analysts forecast that Boeing will post -0.15 EPS for the current year.

Insider Activity

In related news, Director Bradley D. Tilden bought 1,370 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director directly owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Boeing

Hedge funds and other institutional investors have recently modified their holdings of the business. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing in the third quarter worth about $25,000. Strive Financial Group LLC purchased a new position in shares of Boeing in the fourth quarter worth about $25,000. CrossGen Wealth LLC purchased a new position in shares of Boeing in the fourth quarter worth about $26,000. Ares Financial Consulting LLC purchased a new position in shares of Boeing in the fourth quarter worth about $26,000. Finally, 1 North Wealth Services LLC purchased a new position in shares of Boeing in the fourth quarter worth about $27,000. 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.