Boeing (NYSE:BA) Raised to "Sell" at StockNews.com

Boeing (NYSE:BA - Get Free Report) was upgraded by investment analysts at StockNews.com to a "sell" rating in a research report issued on Thursday.

A number of other research analysts have also issued reports on the company. Morgan Stanley lifted their target price on Boeing from $175.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday. Melius raised Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Citigroup raised their target price on shares of Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a report on Thursday. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, April 23rd. Finally, TD Securities restated a "buy" rating and issued a $180.00 price objective on shares of Boeing in a report on Thursday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and a consensus price target of $200.90.

Boeing Stock Up 2.1 %

NYSE BA traded up $3.69 during trading on Thursday, hitting $181.64. The stock had a trading volume of 5,232,755 shares, compared to its average volume of 9,044,894. The company has a market capitalization of $136.96 billion, a PE ratio of -9.92 and a beta of 1.24. Boeing has a twelve month low of $128.88 and a twelve month high of $196.95. The firm has a 50 day moving average price of $164.87 and a 200 day moving average price of $164.82.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share 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 analyst estimates of $19.57 billion. During the same quarter last year, the firm posted ($1.13) EPS. The company's revenue for the quarter was up 17.7% on a year-over-year basis. On average, sell-side analysts anticipate that Boeing will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company's stock.

Institutional Investors Weigh In On Boeing

A number of institutional investors have recently added to or reduced their stakes in BA. Sierra Ocean LLC purchased a new stake in Boeing during the fourth quarter worth about $26,000. American National Bank & Trust lifted its holdings in Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in Boeing during the fourth quarter worth approximately $27,000. Fiduciary Advisors Inc. acquired a new position in Boeing in the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC boosted its holdings in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after purchasing an additional 90 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.