Boeing (NYSE:BA) Receives "Equal Weight" Rating from Morgan Stanley

Boeing (NYSE:BA - Get Free Report)'s stock had its "equal weight" rating reiterated by stock analysts at Morgan Stanley in a research note issued on Thursday,Benzinga reports. They currently have a $200.00 price objective on the aircraft producer's stock. Morgan Stanley's target price points to a potential upside of 2.02% from the stock's previous close.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada raised their target price on Boeing from $200.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday. Jefferies Financial Group lifted their price objective on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and upped their price target for the company from $181.00 to $218.00 in a report on Monday, April 28th. Wall Street Zen downgraded Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Finally, Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $209.85.

Boeing Price Performance

NYSE:BA traded down $7.70 during mid-day trading on Thursday, hitting $196.05. 3,626,396 shares of the company's stock were exchanged, compared to its average volume of 9,341,632. Boeing has a one year low of $128.88 and a one year high of $218.80. The company has a market cap of $147.82 billion, a PE ratio of -10.72 and a beta of 1.43. The business has a fifty day moving average price of $187.71 and a 200 day moving average price of $176.42.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. The firm's revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the business posted ($1.13) EPS. On average, equities analysts forecast that Boeing will post -2.58 EPS for the current fiscal year.

Insider Activity

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock valued at $1,511,370 in the last quarter. Insiders own 0.09% of the company's stock.

Hedge Funds Weigh In On Boeing

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC acquired a new position in shares of Boeing during the fourth quarter worth $201,000. Empowered Funds LLC raised its position in shares of Boeing by 35.1% during the 4th quarter. Empowered Funds LLC now owns 20,280 shares of the aircraft producer's stock worth $3,590,000 after acquiring an additional 5,274 shares in the last quarter. Beacon Financial Group purchased a new stake in Boeing during the fourth quarter worth approximately $221,000. Gladstone Institutional Advisory LLC boosted its holdings in Boeing by 52.1% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 13,941 shares of the aircraft producer's stock valued at $2,468,000 after purchasing an additional 4,774 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC increased its stake in Boeing by 4.2% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 4,280 shares of the aircraft producer's stock valued at $758,000 after purchasing an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

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.