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

Shares of The Boeing Company (NYSE:BA) have earned a consensus recommendation of “Moderate Buy” from the twenty-three research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $215.18.

BA has been the topic of several recent analyst reports. Argus lowered Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. UBS Group lowered their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 price target on shares of Boeing in a research report on Tuesday, June 25th. Stifel Nicolaus boosted their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Barclays cut their target price on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 22nd.

Institutional Trading of Boeing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its stake in shares of Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after purchasing an additional 4,425,964 shares during the last quarter. Jennison Associates LLC bought a new stake in Boeing during the fourth quarter valued at $960,397,000. Wellington Management Group LLP grew its holdings in Boeing by 563.9% during the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after acquiring an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of Boeing by 861.6% in the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after purchasing an additional 1,617,151 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA stock opened at $176.45 on Friday. The company has a market capitalization of $108.32 billion, a P/E ratio of -49.70 and a beta of 1.56. Boeing has a 52 week low of $159.70 and a 52 week high of $267.54. The company’s 50 day moving average price is $179.55 and its two-hundred day moving average price is $184.81.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period in the previous year, the firm posted ($0.82) EPS. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. Analysts forecast that Boeing will post -2.38 earnings per share for the current year.

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.