The Boeing Company (NYSE:BA) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of The Boeing Company (NYSE:BA - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twenty-three brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $207.85.

BA has been the topic of several recent research reports. Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Benchmark decreased their price target on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. TD Securities lowered Boeing to a "cautious" rating in a report on Thursday, May 22nd. Sanford C. Bernstein upgraded Boeing from a "market perform" rating to an "outperform" rating and increased their price target for the company from $181.00 to $218.00 in a report on Monday, April 28th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, April 23rd.

Insider Transactions at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $729,151.99. Following the sale, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BA. Amundi raised its stake in shares of Boeing by 473.6% in the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after acquiring an additional 1,292,417 shares during the last quarter. KKM Financial LLC raised its stake in shares of Boeing by 50.8% in the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after acquiring an additional 5,175 shares during the last quarter. Grant Private Wealth Management Inc bought a new position in shares of Boeing in the fourth quarter valued at approximately $903,000. Winslow Asset Management Inc. raised its stake in shares of Boeing by 8.2% in the fourth quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer's stock valued at $7,215,000 after acquiring an additional 3,096 shares during the last quarter. Finally, Advanced Portfolio Management LLC raised its stake in shares of Boeing by 182.2% in the fourth quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer's stock valued at $2,655,000 after acquiring an additional 9,684 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

Shares of NYSE:BA opened at $211.03 on Friday. Boeing has a fifty-two week low of $128.88 and a fifty-two week high of $215.80. The business has a 50-day simple moving average of $182.59 and a two-hundred day simple moving average of $174.64. The firm has a market cap of $159.12 billion, a price-to-earnings ratio of -11.52 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. The company's revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.13) earnings per share. As a group, research analysts predict that Boeing will post -2.58 earnings per share for the current year.

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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