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

Shares of The Boeing Company (NYSE:BA) have received a consensus rating of “Moderate Buy” from the twenty-three brokerages that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $270.95.

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a research report on Tuesday, July 21st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a research note on Wednesday. Citigroup lowered shares of Boeing from a “buy” rating to a “sell” rating in a research note on Tuesday, August 11th. Jefferies Financial Group cut their target price on Boeing from $295.00 to $265.00 and set a “buy” rating for the company in a research report on Monday, September 21st. Finally, The Goldman Sachs Group lowered Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th.

Institutional Trading of Boeing

Several institutional investors have recently modified their holdings of BA. Highland Investment Advisors LLC bought a new stake in Boeing in the second quarter worth about $26,000. 1 North Wealth Services LLC bought a new position in shares of Boeing during the 4th quarter valued at about $27,000. Wealth Preservation Advisors LLC grew its stake in shares of Boeing by 66.7% in the 4th quarter. Wealth Preservation Advisors LLC now owns 125 shares of the aircraft producer’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. Strategic Wealth Advisors LLC acquired a new position in shares of Boeing in the 2nd quarter worth approximately $27,000. Finally, Bayban bought a new stake in shares of Boeing in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 3.5%

Shares of NYSE:BA opened at $192.65 on Friday. 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 company’s 50-day moving average price is $212.77 and its 200 day moving average price is $216.56. The company has a market cap of $152.26 billion, a PE ratio of 83.40 and a beta of 1.26. Boeing has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. During the same quarter in the previous year, the business posted ($1.24) EPS. Boeing’s revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts anticipate that Boeing will post -0.91 earnings per share for the current year.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Strike threat removed: Nearly 17,000 engineers and technical workers represented by SPEEA approved a new four-year contract. The agreement, which includes substantially improved compensation, prevents a work stoppage that could have delayed the 737 MAX 10 and 777X programs and slowed aircraft deliveries. Boeing white-collar workers approve latest contract offer
• Positive Sentiment: Major defense win: Boeing won a contract exceeding $20 billion to develop the U.S. Navy’s next-generation F/A-XX fighter, defeating Northrop Grumman. Investors view the award as a strategic victory that could position Boeing for decades of production and sustainment revenue, although near-term financial benefits will primarily come from development work. Boeing chosen by U.S. Navy to develop next-generation fighter jet
• Positive Sentiment: Additional commercial demand: Ethiopian Airlines ordered eight 777-8 freighters and two 777 freighters, adding support for Boeing’s widebody backlog and the 777X family. Ethiopian Airlines orders Boeing freighters
• Positive Sentiment: Market positioning was supportive: Call-option activity was approximately 27% above average, suggesting heightened bullish speculation, though options activity is not a fundamental earnings indicator.
• Neutral Sentiment: The F/A-XX contract could face a protest from the losing bidder, and production aircraft are still years away. Investors will therefore focus on execution, defense margins and cash flow rather than treating the headline award as immediate revenue.
• Negative Sentiment: Certification risk remains: The FAA is reportedly reviewing a 737 MAX software issue while MAX 10 approval faces delay. Officials have said they do not currently see a safety concern, but further postponements could affect deliveries and investor confidence. FAA weighs Boeing 737 MAX software review
• Negative Sentiment: Analyst commentary continues to highlight Boeing’s heavy debt, aerospace-sector risks and historical execution problems. A law firm has also announced an investigation on behalf of investors, adding a legal overhang.

About Boeing

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, spacecraft and related systems. Its commercial portfolio includes the 737, 787 Dreamliner and 777 families, as well as the 777X program. Boeing sells aircraft to airlines, cargo operators and leasing companies around the world.

Through its defense and space operations, Boeing provides products and services for the U.S. government, allied governments and other institutional customers.