Boeing (NYSE:BA) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• Boeing's stock has been assigned a sell (D-) rating by Weiss Ratings, indicating concerns about the company's financial performance.
• The average target price for Boeing stocks is currently $233.91, with mixed ratings from various brokerages: three with Strong Buy, eighteen with Buy, and three with Sell.
• Recently, Boeing's stock price saw a slight increase of 1.6%, trading at $225.26, amidst a volatile market environment.

Boeing (NYSE:BA - Get Free Report)'s stock had its "sell (d-)" rating restated by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently issued reports on BA. Royal Bank Of Canada reiterated an "outperform" rating and set a $250.00 price target on shares of Boeing in a research report on Monday, September 29th. Vertical Research upgraded Boeing from a "hold" rating to a "buy" rating and upped their price target for the company from $242.00 to $270.00 in a research report on Monday, September 8th. Redburn Atlantic upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating and boosted their target price for the company from $180.00 to $275.00 in a report on Friday, June 27th. Rothschild & Co Redburn raised shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 target price for the company in a research note on Friday, June 27th. Finally, Sanford C. Bernstein raised their target price on Boeing from $249.00 to $282.00 and gave the company an "outperform" rating in a report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and an average target price of $233.91.

Boeing Stock Up 1.6%

Shares of Boeing stock traded up $3.44 during trading on Wednesday, reaching $225.26. The company's stock had a trading volume of 6,181,227 shares, compared to its average volume of 8,259,464. The company has a market cap of $170.33 billion, a price-to-earnings ratio of -13.64 and a beta of 1.47. The company has a 50-day simple moving average of $224.63 and a two-hundred day simple moving average of $205.61. Boeing has a 1-year low of $128.88 and a 1-year high of $242.69.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. During the same period last year, the business earned ($2.90) EPS. Boeing's revenue was up 34.9% compared to the same quarter last year. As a group, analysts anticipate that Boeing will post -2.58 earnings per share for the current year.

Insider Buying and Selling at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares of the company's stock, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares of the company's stock, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.09% of the company's stock.

Hedge Funds Weigh In On Boeing

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vestcor Inc increased its position in shares of Boeing by 9.0% in the 1st quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer's stock worth $2,471,000 after purchasing an additional 1,195 shares during the last quarter. National Pension Service grew its stake in Boeing by 19.6% during the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer's stock worth $227,365,000 after buying an additional 218,049 shares during the last quarter. MFG Wealth Management Inc. acquired a new stake in shares of Boeing in the 1st quarter worth about $2,125,000. Kelman Lazarov Inc. bought a new stake in shares of Boeing during the first quarter valued at approximately $262,000. Finally, Vanguard Group Inc. boosted its position in Boeing by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer's stock worth $11,197,468,000 after acquiring an additional 1,212,327 shares during the period. Institutional investors and hedge funds 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.

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