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

Shares of The Boeing Company (NYSE:BA) have been given a consensus recommendation of “Moderate Buy” by the twenty-two brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $222.41.

Several analysts have recently commented on the company. Sanford C. Bernstein reduced their price target on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Morgan Stanley decreased their target price on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 10th. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target for the company. in a report on Wednesday, April 17th. Stifel Nicolaus reduced their price objective on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company lowered their target price on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st.

Institutional Investors Weigh In On Boeing

Several hedge funds have recently modified their holdings of the company. CNB Bank lifted its stake in shares of Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after buying an additional 66 shares during the period. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Boeing during the fourth quarter worth $26,000. Evolution Advisers Inc. purchased a new stake in shares of Boeing in the fourth quarter valued at $28,000. DiNuzzo Private Wealth Inc. acquired a new position in Boeing in the fourth quarter valued at $28,000. Finally, Vima LLC purchased a new position in Boeing during the fourth quarter worth about $34,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Down 0.9 %

NYSE BA opened at $176.71 on Friday. The stock has a market capitalization of $108.48 billion, a P/E ratio of -49.78 and a beta of 1.54. Boeing has a 52-week low of $159.70 and a 52-week high of $267.54. The firm has a 50-day moving average price of $182.80 and a 200 day moving average price of $206.14.

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.