The Boeing Company (NYSE:BA) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of The Boeing Company (NYSE:BA - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-four analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seventeen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $201.85.

BA has been the subject of a number of recent analyst reports. Benchmark dropped their price target on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, April 21st. StockNews.com raised Boeing from a "sell" rating to a "hold" rating in a report on Friday. Cowen reaffirmed a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. TD Securities reaffirmed a "buy" rating and set a $180.00 price target on shares of Boeing in a report on Thursday, April 24th. Finally, Wells Fargo & Company reaffirmed an "underweight" rating and set a $140.00 price target (up from $111.00) on shares of Boeing in a report on Wednesday, April 23rd.

Insider Transactions at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of Boeing 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 transaction, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated 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 directly owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Institutional Trading of Boeing

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Sector Pension Investment Board raised its stake in shares of Boeing by 6.5% in the 1st quarter. Public Sector Pension Investment Board now owns 102,402 shares of the aircraft producer's stock valued at $17,465,000 after purchasing an additional 6,221 shares during the period. AIA Group Ltd raised its stake in shares of Boeing by 34.1% in the 1st quarter. AIA Group Ltd now owns 21,565 shares of the aircraft producer's stock valued at $3,678,000 after purchasing an additional 5,485 shares during the period. Financial Engines Advisors L.L.C. raised its stake in shares of Boeing by 7.9% in the 1st quarter. Financial Engines Advisors L.L.C. now owns 58,801 shares of the aircraft producer's stock valued at $10,028,000 after purchasing an additional 4,297 shares during the period. Staley Capital Advisers Inc. raised its stake in shares of Boeing by 3.2% in the 1st quarter. Staley Capital Advisers Inc. now owns 307,607 shares of the aircraft producer's stock valued at $52,462,000 after purchasing an additional 9,526 shares during the period. Finally, SouthState Corp raised its stake in shares of Boeing by 36.2% in the 1st quarter. SouthState Corp now owns 4,919 shares of the aircraft producer's stock valued at $839,000 after purchasing an additional 1,308 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Trading Up 1.8%

Shares of BA opened at $198.40 on Tuesday. Boeing has a 1 year low of $128.88 and a 1 year high of $198.78. The stock has a 50 day simple moving average of $167.71 and a 200-day simple moving average of $167.30. The stock has a market cap of $149.59 billion, a PE ratio of -10.83 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same period in the previous year, the company posted ($1.13) earnings per share. The company's quarterly revenue was up 17.7% on a year-over-year basis. On average, sell-side analysts forecast that Boeing will post -2.58 EPS for the current fiscal year.

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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