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

Shares of The Boeing Company (NYSE:BA) have received a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $195.00.

BA has been the topic of a number of recent research reports. UBS Group raised their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their price target on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Susquehanna boosted their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Morgan Stanley lowered their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th.

Boeing Stock Performance

Shares of BA opened at $184.81 on Friday. The company has a 50 day moving average price of $171.05 and a 200-day moving average price of $164.12. Boeing has a fifty-two week low of $137.03 and a fifty-two week high of $213.77. The stock has a market capitalization of $114.25 billion, a PE ratio of -10.09 and a beta of 1.52.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the firm posted ($0.47) earnings per share. Equities research analysts forecast that Boeing will post -2.12 EPS for the current year.

Institutional Investors Weigh In On Boeing

Several hedge funds have recently added to or reduced their stakes in the business. Freestone Capital Holdings LLC raised its position in Boeing by 2.8% during the fourth quarter. Freestone Capital Holdings LLC now owns 9,251 shares of the aircraft producer’s stock valued at $1,637,000 after acquiring an additional 255 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in shares of Boeing by 19.9% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 4,441 shares of the aircraft producer’s stock worth $786,000 after purchasing an additional 738 shares during the period. Lindbrook Capital LLC increased its holdings in shares of Boeing by 4.6% during the 4th quarter. Lindbrook Capital LLC now owns 13,011 shares of the aircraft producer’s stock valued at $2,303,000 after purchasing an additional 567 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Boeing in the 4th quarter valued at $230,944,000. Finally, Arizona State Retirement System boosted its holdings in Boeing by 25.6% during the fourth quarter. Arizona State Retirement System now owns 210,519 shares of the aircraft producer’s stock worth $37,262,000 after buying an additional 42,872 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

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.