Boeing (NYSE:BA) Upgraded to Strong-Buy by Baird R W

Baird R W upgraded shares of Boeing (NYSE:BA) to a strong-buy rating in a research report released on Monday morning, Zacks.com reports.

Several other equities analysts have also recently weighed in on BA. Bank of America dropped their price objective on Boeing from $210.00 to $190.00 and set a neutral rating on the stock in a research note on Thursday, April 11th. Royal Bank of Canada reduced their price objective on shares of Boeing from $225.00 to $215.00 and set an outperform rating for the company in a research report on Tuesday, April 16th. Argus cut shares of Boeing from a buy rating to a hold rating in a research report on Tuesday, April 30th. UBS Group cut their target price on Boeing from $275.00 to $250.00 and set a buy rating on the stock in a research note on Thursday, March 21st. Finally, Barclays decreased their price target on Boeing from $235.00 to $190.00 and set an equal weight rating for the company in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $220.89.

Boeing Price Performance

BA opened at $189.95 on Monday. Boeing has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The firm has a market capitalization of $116.61 billion, a PE ratio of -53.51 and a beta of 1.55. The company’s 50-day moving average is $177.79 and its 200 day moving average is $204.26.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. As a group, analysts expect that Boeing will post -1.33 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Boeing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after buying an additional 1,222,816 shares in the last quarter. Capital Research Global Investors increased its holdings in Boeing by 35.5% during the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after acquiring an additional 4,425,964 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares during the period. Morgan Stanley boosted its holdings in Boeing by 1.1% in the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after purchasing an additional 91,801 shares during the period. Finally, Northern Trust Corp grew its position in shares of Boeing by 1.1% during the 4th quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock valued at $1,304,150,000 after purchasing an additional 52,081 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Company Profile

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.