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

Shares of The Boeing Company (NYSE:BAGet Free Report) have earned an average recommendation of “Moderate Buy” from the twenty-six analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $246.1364.

BA has been the subject of a number of recent research reports. Wolfe Research reissued an “outperform” rating on shares of Boeing in a research report on Tuesday, January 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. UBS Group lifted their price objective on shares of Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Tigress Financial reissued a “buy” rating and issued a $275.00 price objective on shares of Boeing in a report on Monday, December 29th. Finally, BNP Paribas Exane set a $150.00 target price on shares of Boeing in a research report on Tuesday, November 18th.

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Boeing Stock Up 2.5%

Boeing stock opened at $209.97 on Monday. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.19 and a quick ratio of 0.40. The company’s 50-day moving average is $235.19 and its 200-day moving average is $219.39. The firm has a market capitalization of $164.90 billion, a PE ratio of 104.46 and a beta of 1.14. Boeing has a fifty-two week low of $128.88 and a fifty-two week high of $254.35.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The business had revenue of $23.95 billion during the quarter, compared to the consensus estimate of $22.41 billion. The firm’s revenue was up 57.1% on a year-over-year basis. During the same quarter last year, the company posted ($5.90) EPS. Sell-side analysts anticipate that Boeing will post -2.58 earnings per share for the current year.

More Boeing News

Here are the key news stories impacting Boeing this week:

Insider Activity

In other Boeing news, SVP Ann M. Schmidt sold 6,281 shares of Boeing stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total value of $1,528,606.97. Following the transaction, the senior vice president owned 13,978 shares in the company, valued at $3,401,825.86. The trade was a 31.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mortimer J. Buckley purchased 2,230 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were bought at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the acquisition, the director directly owned 4,430 shares in the company, valued at $993,206. The trade was a 101.36% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders sold 21,012 shares of company stock worth $4,980,687. 0.09% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new position in Boeing during the 3rd quarter worth approximately $25,000. Strive Financial Group LLC bought a new stake in shares of Boeing in the 4th quarter valued at $25,000. Ares Financial Consulting LLC acquired a new stake in shares of Boeing during the fourth quarter worth $26,000. CrossGen Wealth LLC acquired a new stake in shares of Boeing during the fourth quarter worth $26,000. Finally, Strategic Wealth Advisors LLC bought a new position in Boeing during the fourth quarter worth $27,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Boeing (NYSE:BA)

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