The Boeing Company (NYSE:BA) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• The Boeing Company has received an average recommendation of “Moderate Buy” from 26 brokerage firms, with 18 recommending a buy and 2 advising a sell.
• The stock price target set by analysts for Boeing averages $230.77, highlighting a potential growth outlook for investors.
• Boeing's recent earnings report showed a loss of ($1.24) per share, missing the consensus estimate, but announced a significant revenue increase of 34.9% year-over-year.

Shares of The Boeing Company (NYSE:BA - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty-six ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, eighteen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $230.7727.

Several brokerages have recently issued reports on BA. Citigroup reissued a "buy" rating on shares of Boeing in a research report on Monday, July 28th. Vertical Research raised shares of Boeing from a "hold" rating to a "buy" rating and raised their target price for the company from $242.00 to $270.00 in a research report on Monday, September 8th. Rothschild & Co Redburn upgraded shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target on the stock in a research note on Friday, June 27th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $250.00 price target on shares of Boeing in a research note on Wednesday, July 30th.

Boeing Stock Down 1.8%

Shares of BA stock opened at $216.12 on Monday. The firm has a fifty day moving average of $228.76 and a 200-day moving average of $199.57. Boeing has a 12-month low of $128.88 and a 12-month high of $242.69. The company has a market capitalization of $163.42 billion, a price-to-earnings ratio of -13.09 and a beta of 1.48.

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

Insider Buying and Selling at Boeing

In other news, Director Mortimer J. Buckley acquired 2,200 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $497,420. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction 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 approximately $8,248,637.62. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vestcor Inc grew 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 valued at $2,471,000 after acquiring an additional 1,195 shares during the period. National Pension Service boosted its holdings in shares of 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 period. Wynn Capital LLC bought a new stake in shares of Boeing during the 1st quarter worth about $584,000. Zimmer Partners LP bought a new stake in shares of Boeing during the 4th quarter worth about $393,736,000. Finally, MFG Wealth Management Inc. bought a new stake in shares of Boeing during the 1st quarter worth about $2,125,000. 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.

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