Boeing (NYSE:BA) Upgraded at Argus

Argus upgraded shares of Boeing (NYSE:BA) from a hold rating to a buy rating in a research note released on Tuesday, MarketBeat reports. Argus currently has $265.00 target price on the aircraft producer’s stock.

A number of other brokerages have also recently weighed in on BA. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a research note on Tuesday, August 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. William Blair restated an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. Morgan Stanley upped their target price on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average target price of $272.58.

Boeing Price Performance

Shares of NYSE BA opened at $230.30 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. Boeing has a twelve month low of $176.77 and a twelve month high of $254.35. The stock has a 50 day moving average of $221.39 and a two-hundred day moving average of $222.91. The stock has a market cap of $182.02 billion, a P/E ratio of 99.70 and a beta of 1.21.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The firm had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. Boeing’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.24) earnings per share. On average, research analysts forecast that Boeing will post -0.87 earnings per share for the current year.

Insiders Place Their Bets

In other Boeing news, Director Bradley D. Tilden acquired 1,370 shares of the stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of Boeing

Hedge funds have recently modified their holdings of the business. Princeton Capital Management LLC increased its holdings in shares of Boeing by 78.3% in the 4th quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock valued at $2,660,000 after purchasing an additional 5,381 shares during the period. Rakuten Investment Management Inc. grew its holdings in shares of Boeing by 502.3% during the 4th quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer’s stock valued at $22,398,000 after acquiring an additional 85,982 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Boeing in the first quarter worth $7,961,000. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Boeing by 103.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 11,240 shares of the aircraft producer’s stock worth $2,237,000 after acquiring an additional 5,726 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Boeing by 47.5% during the fourth quarter. Deutsche Bank AG now owns 2,376,243 shares of the aircraft producer’s stock worth $515,930,000 after acquiring an additional 765,197 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: A court dismissed a lawsuit against Boeing’s directors related to the 737 MAX door-plug blowout, reducing a legal and governance overhang. The ruling could still face appeal or further proceedings. Boeing directors win dismissal of lawsuit over 737 Max blowout
• Positive Sentiment: Boeing’s agreement to transfer Wisk Aero, Insitu and SkyGrid to Archer Aviation gives BA an approximately 20% interest in Archer while allowing it to monetize non-core assets and retain exposure to electric aircraft, autonomy and defense technologies. Bank of America viewed the deal as potentially clearing the way for broader strategic action. BofA sees Boeing divestiture deal clearing path for bigger move
• Positive Sentiment: Boeing delivered 53 aircraft in July, led by the 737 MAX and 787 Dreamliner, supporting expectations for improving commercial-aircraft cash flow and backlog conversion. Boeing delivers 53 jets in July
• Positive Sentiment: Rising fighter-jet demand, fleet modernization and missile-stockpile replenishment could support Boeing’s defense growth. The company is also developing a low-cost weapon-system seeker and signed agreements to support Poland’s Apache fleet. Can rising fighter jet demand sustain Boeing’s defense growth?
• Positive Sentiment: Argus upgraded Boeing’s stock rating, adding analyst support as investors assess the company’s turnaround prospects. Boeing stock rating upgraded by Argus
• Neutral Sentiment: Boeing signed an agreement with Odysight.ai to demonstrate AI-powered predictive-maintenance technology at two Boeing sites. The initiative could improve maintenance efficiency and create future supplier opportunities, but it is currently a demonstration rather than a material revenue contract. Odysight.ai signs agreement with Boeing
• Negative Sentiment: China’s C919 completed its first international commercial flight, highlighting a potential long-term competitor to Boeing and Airbus and challenging the established commercial-aircraft duopoly. China’s C919 makes first international commercial flight
• Negative Sentiment: Investor caution remains around Boeing’s substantial debt, elevated valuation, production execution and 777X timing, limiting the immediate impact of favorable delivery and defense news.

About Boeing

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.