The Boeing Company (NYSE:BA) Receives $207.85 Average PT from Analysts

The Boeing Company (NYSE:BA - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-three brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $209.35.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a research report on Thursday, May 22nd. Royal Bank of Canada lifted their price target on shares of Boeing from $200.00 to $230.00 and gave the company an "outperform" rating in a report on Monday. Melius Research set a $204.00 price objective on shares of Boeing in a research report on Monday, March 24th. TD Securities cut shares of Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Finally, Melius upgraded Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th.

Boeing Stock Down 0.8%

Shares of Boeing stock traded down $1.72 during trading hours on Friday, reaching $215.79. 8,180,746 shares of the stock traded hands, compared to its average volume of 9,255,383. Boeing has a one year low of $128.88 and a one year high of $218.80. The firm has a market capitalization of $162.70 billion, a price-to-earnings ratio of -11.78 and a beta of 1.43. The company has a 50 day moving average price of $184.87 and a 200 day moving average price of $175.81.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. During the same period in the previous year, the business posted ($1.13) EPS. The business's quarterly revenue was up 17.7% compared to the same quarter last year. Sell-side analysts anticipate that Boeing will post -2.58 earnings per share for the current year.

Insider Activity

In other news, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares in the company, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the sale, the executive vice president now directly owns 20,513 shares in the company, valued at $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Boeing

Several large investors have recently modified their holdings of BA. Osterweis Capital Management Inc. boosted its stake in shares of Boeing by 31.8% during the 1st quarter. Osterweis Capital Management Inc. now owns 109,881 shares of the aircraft producer's stock worth $18,740,000 after purchasing an additional 26,522 shares during the period. Integrity Wealth Advisors Inc. lifted its stake in Boeing by 36.2% in the first quarter. Integrity Wealth Advisors Inc. now owns 8,217 shares of the aircraft producer's stock worth $1,401,000 after purchasing an additional 2,186 shares during the last quarter. Modern Wealth Management LLC lifted its stake in Boeing by 22.8% in the first quarter. Modern Wealth Management LLC now owns 37,638 shares of the aircraft producer's stock worth $6,419,000 after purchasing an additional 7,000 shares during the last quarter. Strs Ohio purchased a new position in shares of Boeing during the first quarter valued at approximately $98,984,000. Finally, GK Wealth Management LLC grew its stake in shares of Boeing by 3.6% during the first quarter. GK Wealth Management LLC now owns 3,010 shares of the aircraft producer's stock valued at $513,000 after buying an additional 105 shares during the last quarter. 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.