The Boeing Company (NYSE:BA) Receives $262.32 Average PT from Analysts

Shares of The Boeing Company (NYSE:BA) have received an average recommendation of “Moderate Buy” from the twenty-three research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, fifteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $262.3158.

A number of research firms have issued reports on BA. Citigroup lifted their target price on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Weiss Ratings cut Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Tigress Financial lifted their target price on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd.

Insider Transactions at Boeing

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were purchased 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 directly owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Boeing

Hedge funds and other institutional investors have recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing during the third quarter worth about $25,000. Strive Financial Group LLC acquired a new position in Boeing in the fourth quarter valued at approximately $25,000. Ares Financial Consulting LLC acquired a new position in Boeing in the fourth quarter valued at approximately $26,000. CrossGen Wealth LLC acquired a new position in Boeing in the fourth quarter valued at approximately $26,000. Finally, Strategic Wealth Advisors LLC acquired a new position in Boeing in the fourth quarter valued at approximately $27,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Up 0.4%

BA stock opened at $223.51 on Wednesday. The company has a market cap of $176.19 billion, a PE ratio of 108.50 and a beta of 1.19. The business has a 50-day simple moving average of $224.23 and a 200 day simple moving average of $222.81. Boeing has a 52 week low of $176.77 and a 52 week high of $254.35. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.49) EPS. Sell-side analysts anticipate that Boeing will post -0.15 EPS for the current fiscal year.

Boeing Company Profile

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.