The Boeing Company (NYSE:BA) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• The Boeing Company (NYSE:BA) has received a consensus rating of "Moderate Buy" from 25 analysts, with 17 recommending a buy and two suggesting a sell.
• Despite reporting a loss of ($1.24) earnings per share for the last quarter, Boeing's revenue increased by 34.9% year-over-year, reaching $22.75 billion.
• Institutional investors own approximately 64.82% of Boeing's stock, with significant new investments made during the last quarter.

Shares of The Boeing Company (NYSE:BA - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-five ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, seventeen have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $228.9048.

A number of analysts recently weighed in on BA shares. Barclays boosted their target price on Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Susquehanna lifted their price target on shares of Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a research note on Wednesday, July 30th. Bank of America boosted their price objective on shares of Boeing from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Redburn Atlantic raised shares of Boeing from a "hold" rating to a "strong-buy" rating and increased their target price for the company from $180.00 to $275.00 in a report on Friday, June 27th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $250.00 target price on shares of Boeing in a research report on Wednesday, July 30th.

Boeing Stock Up 2.4%

NYSE:BA traded up $5.3150 during midday trading on Thursday, hitting $229.7750. The company had a trading volume of 8,672,974 shares, compared to its average volume of 7,329,001. The company has a market capitalization of $173.75 billion, a PE ratio of -13.92 and a beta of 1.48. Boeing has a 52-week low of $128.88 and a 52-week high of $242.69. The stock's fifty day moving average price is $221.17 and its 200-day moving average price is $194.40.

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

Insider Activity

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of Boeing 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 transaction, the executive vice president directly owned 35,873 shares of the company's stock, valued at $8,248,637.62. The trade was a 9.51% 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, Director Mortimer J. Buckley acquired 2,200 shares of the stock in a transaction on Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the transaction, the director directly owned 2,200 shares of the company's stock, valued at approximately $497,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Boeing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BA. Harbor Asset Planning Inc. bought a new position in shares of Boeing during the second quarter valued at about $25,000. American National Bank & Trust increased its holdings in Boeing by 474.1% during 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 during the period. Piscataqua Savings Bank raised its position in Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock valued at $30,000 after purchasing an additional 137 shares during the last quarter. REAP Financial Group LLC lifted its holdings in Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after buying an additional 65 shares during the period. Finally, Dogwood Wealth Management LLC grew its position in shares of Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 112 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

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.