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

Key Points

• The Boeing Company has received an average analyst rating of "Moderate Buy", with 18 buy recommendations and three strong buy ratings from 27 brokerages.
• Boeing's stock is currently priced at $216.48 after a 3.9% decline, despite experiencing a revenue increase of 34.9% year-over-year during its last quarterly earnings report.
• Recent insider trading activity includes an executive's sale of shares valued at $867,103 and a director's purchase worth approximately $497,420, indicating varied confidence in the stock by company leadership.

The Boeing Company (NYSE:BA - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-seven brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation, eighteen have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $233.9091.

Several equities research analysts have recently commented on the company. Vertical Research upgraded Boeing from a "hold" rating to a "buy" rating and upped their price objective for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. JPMorgan Chase & Co. upped their price target on Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. Susquehanna restated a "positive" rating and issued a $270.00 price target on shares of Boeing in a research report on Monday, September 15th. Finally, Rothschild & Co Redburn raised shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 target price for the company in a report on Friday, June 27th.

Boeing Stock Down 3.9%

NYSE BA opened at $216.48 on Friday. Boeing has a 52 week low of $128.88 and a 52 week high of $242.69. The firm has a market capitalization of $163.69 billion, a P/E ratio of -13.11 and a beta of 1.47. The company has a 50-day moving average price of $224.51 and a 200-day moving average price of $205.99.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) 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 analysts' expectations of $20.13 billion. During the same period in the prior year, the firm earned ($2.90) earnings per share. The firm's revenue was up 34.9% on a year-over-year basis. As a group, equities research analysts anticipate that Boeing will post -2.58 EPS for the current year.

Insiders Place Their Bets

In other news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the sale, the executive vice president directly owned 35,873 shares of the company's stock, valued at $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the purchase, the director owned 2,200 shares of the company's stock, valued at approximately $497,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company's stock.

Hedge Funds Weigh In On Boeing

Institutional investors have recently bought and sold shares of the stock. Harbor Asset Planning Inc. purchased a new position in Boeing during the second quarter valued at $25,000. Piscataqua Savings Bank grew its position in shares of Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock valued at $30,000 after purchasing an additional 137 shares in the last quarter. Proathlete Wealth Management LLC purchased a new position in shares of Boeing during the first quarter valued at about $34,000. Monetary Management Group Inc. grew its position in shares of Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock valued at $34,000 after purchasing an additional 50 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new position in Boeing during the 2nd quarter valued at approximately $34,000. 64.82% of the stock is owned by hedge funds and other 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.

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