Boeing (NYSE:BA) Stock Rating Upgraded by Rothschild & Co Redburn

Boeing (NYSE:BA - Get Free Report) was upgraded by analysts at Rothschild & Co Redburn from a "neutral" rating to a "buy" rating in a research note issued to investors on Friday,Finviz reports. The firm presently has a $275.00 target price on the aircraft producer's stock. Rothschild & Co Redburn's price target points to a potential upside of 35.73% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada reiterated a "cautious" rating on shares of Boeing in a research note on Thursday, June 12th. Benchmark cut their target price on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Wall Street Zen cut Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Jefferies Financial Group upped their price objective on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, TD Securities cut shares of Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $212.95.

Boeing Stock Up 1.9%

Shares of NYSE:BA opened at $202.61 on Friday. Boeing has a 12-month low of $128.88 and a 12-month high of $218.80. The business has a 50 day moving average of $196.80 and a 200-day moving average of $179.54. The stock has a market cap of $152.77 billion, a PE ratio of -11.31 and a beta of 1.43.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating 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. During the same period in the previous year, the firm posted ($1.13) EPS. The company's revenue was up 17.7% compared to the same quarter last year. Equities research analysts expect that Boeing will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The sale 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 Boeing stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, 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 7,744 shares of company stock worth $1,511,370 over the last ninety days. Insiders own 0.09% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Monetary Management Group Inc. grew its stake in shares of Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock valued at $34,000 after buying an additional 50 shares during the period. Anchor Investment Management LLC raised its position in shares of Boeing by 0.9% during the first quarter. Anchor Investment Management LLC now owns 5,411 shares of the aircraft producer's stock worth $923,000 after purchasing an additional 50 shares during the period. Heritage Financial Services LLC lifted its holdings in shares of Boeing by 4.2% in the 1st quarter. Heritage Financial Services LLC now owns 1,264 shares of the aircraft producer's stock worth $216,000 after purchasing an additional 51 shares in the last quarter. Wood Tarver Financial Group LLC increased its stake in Boeing by 14.3% during the 1st quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock valued at $75,000 after purchasing an additional 55 shares in the last quarter. Finally, Keynote Financial Services LLC raised its holdings in Boeing by 3.8% during the fourth 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 last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

About Boeing

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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