Boeing (NYSE:BA) Downgraded by StockNews.com to "Sell"

Boeing (NYSE:BA - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Saturday.

Other analysts also recently issued reports about the stock. TD Securities reiterated a "buy" rating and issued a $180.00 price objective on shares of Boeing in a research report on Thursday, April 24th. Morgan Stanley lifted their price objective on shares of Boeing from $185.00 to $200.00 and gave the company an "equal weight" rating in a research report on Friday. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Cowen reiterated a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Finally, Susquehanna reissued a "positive" rating and set a $240.00 target price (up previously from $205.00) on shares of Boeing in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $204.35.

Boeing Stock Performance

Boeing stock opened at $205.88 on Friday. The firm's 50-day moving average is $171.81 and its 200-day moving average is $168.55. Boeing has a 1 year low of $128.88 and a 1 year high of $209.66. The company has a market cap of $155.23 billion, a P/E ratio of -11.24 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.13) earnings per share. As a group, sell-side analysts predict that Boeing will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the transaction, the executive vice president now owns 20,513 shares of the company's stock, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,263 shares of company stock valued at $1,950,150 in the last quarter. Insiders own 0.09% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BA. Monetary Management Group Inc. boosted its position in Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock worth $34,000 after buying an additional 50 shares during the period. Heritage Financial Services LLC boosted its position in Boeing by 4.2% during the 1st quarter. Heritage Financial Services LLC now owns 1,264 shares of the aircraft producer's stock worth $216,000 after buying an additional 51 shares during the period. Wood Tarver Financial Group LLC boosted its position in Boeing by 14.3% during the 1st quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock worth $75,000 after buying an additional 55 shares during the period. Keynote Financial Services LLC boosted its position in Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after buying an additional 57 shares during the period. Finally, Signature Wealth Management Partners LLC boosted its position in Boeing by 2.0% during the 1st quarter. Signature Wealth Management Partners LLC now owns 2,888 shares of the aircraft producer's stock worth $493,000 after buying an additional 57 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.

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