ValuEngine cut shares of Boeing Company (The) (NYSE:BA) from a buy rating to a hold rating in a research note published on Monday.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Boeing Company (The) from a hold rating to a buy rating and set a $228.00 price objective on the stock in a report on Tuesday, July 11th. Canaccord Genuity restated a hold rating and set a $235.00 target price (up previously from $215.00) on shares of Boeing Company (The) in a report on Sunday, September 17th. Cowen and Company restated an outperform rating and set a $300.00 target price (up previously from $255.00) on shares of Boeing Company (The) in a report on Monday, July 24th. Credit Suisse Group reaffirmed a hold rating on shares of Boeing Company (The) in a research report on Wednesday, July 19th. Finally, Vetr downgraded shares of Boeing Company (The) from a hold rating to a sell rating and set a $223.75 target price for the company. in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $241.32.

Shares of Boeing Company (BA) opened at 255.99 on Monday. Boeing Company has a one year low of $131.39 and a one year high of $259.30. The company has a 50-day moving average of $243.91 and a 200-day moving average of $207.40. The company has a market capitalization of $151.31 billion, a PE ratio of 22.43 and a beta of 1.21.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The business had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. During the same period last year, the company earned ($0.44) earnings per share. Boeing Company (The)’s quarterly revenue was down 8.1% on a year-over-year basis. On average, analysts anticipate that Boeing Company will post $10.02 earnings per share for the current year.

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In other news, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Heidi B. Capozzi sold 4,217 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total value of $1,018,447.67. The disclosure for this sale can be found here. Insiders have sold 83,468 shares of company stock worth $20,353,814 over the last ninety days. Insiders own 0.28% of the company’s stock.

A number of large investors have recently modified their holdings of BA. Intl Fcstone Inc. bought a new position in Boeing Company (The) during the 2nd quarter worth $1,933,000. M Holdings Securities Inc. raised its holdings in Boeing Company (The) by 62.7% in the 2nd quarter. M Holdings Securities Inc. now owns 3,381 shares of the aircraft producer’s stock valued at $669,000 after acquiring an additional 1,303 shares in the last quarter. Griffin Asset Management Inc. acquired a new position in Boeing Company (The) in the 2nd quarter valued at $6,198,000. Gs Investments Inc. acquired a new position in Boeing Company (The) in the 2nd quarter valued at $2,408,000. Finally, Lord Abbett & CO. LLC acquired a new position in Boeing Company (The) in the 2nd quarter valued at $17,402,000. 72.17% of the stock is currently owned by institutional investors and hedge funds.

Boeing Company (The) Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

Analyst Recommendations for Boeing Company (The) (NYSE:BA)

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