The Boeing Company (NYSE:BA) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Boeing has a consensus “Moderate Buy” rating from 27 analysts: 18 rate it a buy, two a strong buy, four a hold and three a sell. The average 12-month price target is $266.96.
• Analyst views have been mixed, with BNP Paribas Exane upgrading Boeing to “outperform” and raising its target to $300, while Goldman Sachs and Cantor Fitzgerald downgraded the stock to “hold” and “neutral,” respectively.
• Institutional investors own 64.82% of Boeing, while the stock recently traded at $191.66. The company’s latest quarterly results missed earnings estimates, although revenue rose 8% year over year to $24.56 billion.

The Boeing Company (NYSE:BA - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-seven ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, eighteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $266.96.

Several research firms recently commented on BA. BNP Paribas Exane raised shares of Boeing from an "underperform" rating to an "outperform" rating and increased their target price for the company from $230.00 to $300.00 in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Boeing from $244.00 to $248.00 and gave the stock a "hold" rating in a research note on Wednesday, July 29th. TD Cowen lowered their price target on shares of Boeing from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, October 9th. The Goldman Sachs Group lowered shares of Boeing from a "buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Finally, Cantor Fitzgerald cut Boeing to a "neutral" rating in a research note on Tuesday, August 11th.

Institutional Investors Weigh In On Boeing

Several institutional investors have recently bought and sold shares of the stock. CWA Asset Management Group LLC boosted its stake in Boeing by 6.9% during the third quarter. CWA Asset Management Group LLC now owns 14,672 shares of the aircraft producer's stock worth $2,730,000 after acquiring an additional 943 shares in the last quarter. Smithbridge Asset Management Inc. DE grew its holdings in Boeing by 28.3% in the third quarter. Smithbridge Asset Management Inc. DE now owns 9,744 shares of the aircraft producer's stock worth $1,813,000 after purchasing an additional 2,150 shares during the period. Retirement Planning Group LLC grew its holdings in Boeing by 1,141.3% in the third quarter. Retirement Planning Group LLC now owns 31,951 shares of the aircraft producer's stock worth $5,944,000 after purchasing an additional 29,377 shares during the period. Richards Merrill & Peterson Inc. increased its stake in shares of Boeing by 11.4% during the third quarter. Richards Merrill & Peterson Inc. now owns 1,273 shares of the aircraft producer's stock valued at $237,000 after purchasing an additional 130 shares in the last quarter. Finally, New Wave Wealth Advisors LLC increased its stake in shares of Boeing by 34.8% during the third quarter. New Wave Wealth Advisors LLC now owns 6,760 shares of the aircraft producer's stock valued at $1,261,000 after purchasing an additional 1,744 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Up 0.8%

Shares of NYSE BA opened at $191.66 on Tuesday. The stock has a market capitalization of $151.48 billion, a P/E ratio of 82.97 and a beta of 1.26. Boeing has a one year low of $176.77 and a one year high of $254.35. The firm's 50 day simple moving average is $204.10 and its two-hundred day simple moving average is $215.71. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%. The business had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter in the previous year, the firm posted ($1.24) earnings per share. The company's revenue was up 8.0% compared to the same quarter last year. As a group, analysts expect that Boeing will post -0.96 EPS for the current fiscal year.

Boeing Company Profile

The Boeing Company NYSE: BA is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world's major aerospace manufacturers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.