Boeing (NYSE:BA) Upgraded to “Strong Sell” at BNP Paribas

BNP Paribas upgraded shares of Boeing (NYSE:BA) to a strong sell rating in a research report report published on Tuesday,Zacks.com reports.

BA has been the topic of a number of other reports. UBS Group reissued a “buy” rating on shares of Boeing in a report on Thursday, October 30th. Zacks Research downgraded shares of Boeing from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Bank of America upped their price objective on shares of Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Loop Capital set a $223.00 target price on shares of Boeing in a research report on Monday, November 3rd. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $267.00 price target on shares of Boeing in a research report on Friday, November 14th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $232.09.

Boeing Trading Down 0.2%

Shares of NYSE:BA traded down $0.30 during trading on Tuesday, reaching $185.40. The company had a trading volume of 1,884,429 shares, compared to its average volume of 8,223,915. The company has a fifty day moving average of $210.44 and a two-hundred day moving average of $214.79. The stock has a market capitalization of $140.92 billion, a P/E ratio of -13.57 and a beta of 1.44. Boeing has a 12 month low of $128.88 and a 12 month high of $242.69.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the previous year, the business earned ($10.44) EPS. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. As a group, equities research analysts predict that Boeing will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the transaction, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Measured Wealth Private Client Group LLC purchased a new stake in Boeing in the third quarter worth $25,000. Harbor Asset Planning Inc. bought a new position in shares of Boeing in the 2nd quarter worth approximately $25,000. Piscataqua Savings Bank boosted its position in shares of Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares in the last quarter. Reyes Financial Architecture Inc. bought a new position in Boeing in the third quarter worth $32,000. Finally, Davis Capital Management bought a new stake in shares of Boeing during the 3rd quarter valued at $33,000. Institutional investors 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.