The Boeing Company (NYSE:BA) Given Consensus Rating of “Moderate Buy” by Analysts

The Boeing Company (NYSE:BA) has been assigned an average recommendation of “Moderate Buy” from the twenty-four analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $220.89.

Several equities research analysts have recently commented on the stock. Melius Research restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Robert W. Baird dropped their target price on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Sanford C. Bernstein reduced their price target on Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Finally, Susquehanna reaffirmed a “positive” rating and set a $230.00 price objective on shares of Boeing in a research report on Wednesday, May 15th.

Boeing Stock Performance

Boeing stock opened at $182.05 on Friday. The company has a market capitalization of $111.76 billion, a PE ratio of -51.28 and a beta of 1.55. The company has a 50 day moving average price of $178.50 and a 200-day moving average price of $198.77. Boeing has a fifty-two week low of $159.70 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. On average, analysts forecast that Boeing will post -1.67 earnings per share for the current year.

Hedge Funds Weigh In On Boeing

A number of institutional investors have recently bought and sold shares of BA. Vermillion & White Wealth Management Group LLC acquired a new stake in Boeing during the 4th quarter worth about $26,000. Evolution Advisers Inc. purchased a new position in Boeing during the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new position in Boeing in the fourth quarter valued at approximately $28,000. Vima LLC purchased a new stake in Boeing in the 4th quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. grew its stake in shares of Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

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.