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

The Boeing Company (NYSE:BAGet Free Report) has earned an average rating of “Moderate Buy” from the twenty-seven analysts that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, sixteen have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $234.9167.

Several research analysts have weighed in on BA shares. Loop Capital set a $223.00 price target on Boeing in a report on Monday, November 3rd. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and increased their target price for the stock from $242.00 to $270.00 in a research report on Monday, September 8th. Susquehanna lowered their price target on Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a report on Wednesday, November 12th. Royal Bank Of Canada reiterated an “outperform” rating and set a $250.00 price objective on shares of Boeing in a report on Monday, September 29th. Finally, Tigress Financial reissued a “buy” rating and issued a $275.00 price objective on shares of Boeing in a research report on Monday.

Read Our Latest Analysis on Boeing

Boeing Stock Up 0.6%

Shares of NYSE:BA opened at $218.61 on Wednesday. The company has a market capitalization of $166.16 billion, a P/E ratio of -15.98 and a beta of 1.18. The stock’s fifty day simple moving average is $202.13 and its 200-day simple moving average is $214.48. Boeing has a 52-week low of $128.88 and a 52-week high of $242.69.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. Boeing’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the business posted ($10.44) EPS. On average, sell-side analysts anticipate that Boeing will post -2.58 earnings per share for the current year.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the transaction, the executive vice president directly owned 14,656 shares in the company, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Dana S. Deasy acquired 554 shares of the business’s stock in a transaction on Monday, November 24th. The stock was purchased at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the acquisition, the senior vice president directly owned 28,442 shares in the company, valued at $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Boeing

Institutional investors have recently made changes to their positions in the business. Measured Wealth Private Client Group LLC acquired a new stake in Boeing in the third quarter valued at $25,000. Harbor Asset Planning Inc. acquired a new stake in shares of Boeing in the 2nd quarter valued at about $25,000. Piscataqua Savings Bank lifted 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 worth $30,000 after purchasing an additional 137 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new position in Boeing in the third quarter worth about $32,000. Finally, Davis Capital Management bought a new stake in Boeing in the third quarter valued at about $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Company Profile

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Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

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Analyst Recommendations for Boeing (NYSE:BA)

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