Boeing (NYSE:BA) Raised to “Buy” at Argus

Boeing (NYSE:BA) was upgraded by Argus from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a $265.00 price target on the aircraft producer’s stock. Argus’ price objective would suggest a potential upside of 13.75% from the company’s current price.

Several other equities analysts also recently weighed in on BA. Citigroup lifted their target price on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Tigress Financial upped their price target on shares of Boeing from $295.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. UBS Group reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, July 29th. BNP Paribas Exane raised shares of Boeing from an “underperform” rating to an “outperform” rating and boosted their target price for the company from $230.00 to $300.00 in a report on Monday, August 3rd. Finally, Royal Bank Of Canada cut their price target on Boeing from $275.00 to $265.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $272.58.

Boeing Price Performance

Shares of NYSE BA opened at $232.97 on Tuesday. The stock has a fifty day simple moving average of $220.41 and a two-hundred day simple moving average of $223.33. Boeing has a 1-year low of $176.77 and a 1-year high of $254.35. The firm has a market cap of $184.13 billion, a price-to-earnings ratio of 100.85 and a beta of 1.21. 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 (NYSE:BA) last issued its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter in the previous year, the firm earned ($1.24) earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Analysts anticipate that Boeing will post -0.88 earnings per share for the current year.

Insider Buying and Selling at Boeing

In other Boeing news, Director Bradley D. Tilden acquired 1,370 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Institutional Trading of Boeing

A number of large investors have recently modified their holdings of BA. Vanguard Group Inc. lifted its position in Boeing by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after purchasing an additional 3,460,021 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Boeing in the second quarter valued at $747,763,000. Deutsche Bank AG purchased a new stake in Boeing during the second quarter valued at about $539,456,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Boeing in the 2nd quarter worth about $441,997,000. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Boeing by 245.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock worth $489,052,000 after purchasing an additional 1,600,909 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Strategic monetization and equity upside: Boeing will transfer Wisk Aero, SkyGrid and Insitu to Archer in an all-stock transaction, receiving a stake of nearly 20% in Archer, plus board representation and warrants. The deal gives Boeing potential upside if Archer’s eVTOL business succeeds without requiring a large cash investment. Archer to acquire Boeing’s Wisk and two subsidiaries for near 20% equity stake
• Positive Sentiment: Continued technology access: Boeing will retain access to Wisk’s autonomous-flight technology through a collaboration agreement, potentially allowing it to benefit from the technology while reducing the costs of owning and developing the business directly. Boeing sells eVTOL subsidiaries, takes stake in Archer
• Neutral Sentiment: Analyst sentiment remains favorable but not strongly bullish: Boeing received an average “Moderate Buy” recommendation, suggesting analysts see further potential but remain cautious given the company’s execution, leverage and profitability challenges. The Boeing Company Receives Average Recommendation of Moderate Buy from Analysts
• Negative Sentiment: Exit from air-taxi operations weighs on the narrative: Boeing is giving up direct ownership of Wisk and related air-taxi infrastructure, which may be viewed as a retreat from a potentially valuable growth market. Because the consideration is Archer equity rather than cash, the near-term financial benefit is less certain and depends on Archer’s future valuation and execution. Boeing Stock Slips After Revealing Plan to Sell Air Taxi Operations

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.