Boeing (NYSE:BA) Lowered to “Sell” at StockNews.com

Boeing (NYSE:BA) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also recently issued reports on BA. Melius reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Wells Fargo & Company decreased their price objective on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a report on Thursday, February 1st. Sanford C. Bernstein decreased their price objective on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Susquehanna decreased their price objective on shares of Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a report on Thursday, March 21st. Finally, Barclays decreased their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $222.41.

Boeing Stock Performance

Shares of NYSE BA traded up $0.45 during mid-day trading on Friday, reaching $167.26. The company had a trading volume of 7,199,501 shares, compared to its average volume of 9,757,903. Boeing has a twelve month low of $159.70 and a twelve month high of $267.54. The stock has a market capitalization of $102.05 billion, a PE ratio of -47.12, a price-to-earnings-growth ratio of 130.13 and a beta of 1.52. The stock’s 50 day moving average is $186.53 and its 200-day moving average is $206.46.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.75) earnings per share. On average, sell-side analysts anticipate that Boeing will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. LifeSteps Financial Inc. raised its position in Boeing by 11.3% in the first quarter. LifeSteps Financial Inc. now owns 986 shares of the aircraft producer’s stock worth $190,000 after purchasing an additional 100 shares in the last quarter. Arcataur Capital Management LLC raised its position in Boeing by 4.8% in the first quarter. Arcataur Capital Management LLC now owns 1,536 shares of the aircraft producer’s stock worth $296,000 after purchasing an additional 70 shares in the last quarter. SlateStone Wealth LLC increased its holdings in shares of Boeing by 3.9% during the first quarter. SlateStone Wealth LLC now owns 2,666 shares of the aircraft producer’s stock worth $515,000 after buying an additional 100 shares in the last quarter. Sage Rhino Capital LLC increased its holdings in shares of Boeing by 16.7% during the first quarter. Sage Rhino Capital LLC now owns 3,226 shares of the aircraft producer’s stock worth $623,000 after buying an additional 461 shares in the last quarter. Finally, Guardian Investment Management increased its holdings in shares of Boeing by 6.8% during the first quarter. Guardian Investment Management now owns 9,210 shares of the aircraft producer’s stock worth $1,764,000 after buying an additional 583 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.