Morgan Stanley Reaffirms Equal Weight Rating for Boeing (NYSE:BA)

Morgan Stanley reissued their equal weight rating on shares of Boeing (NYSE:BA) in a report issued on Monday, Benzinga reports. They currently have a $235.00 price objective on the aircraft producer’s stock.

Several other equities analysts have also recently commented on the stock. Barclays boosted their price target on shares of Boeing from $210.00 to $235.00 and gave the company an equal weight rating in a report on Wednesday, December 6th. Royal Bank of Canada reduced their price objective on shares of Boeing from $285.00 to $260.00 and set an outperform rating for the company in a research note on Thursday, February 1st. UBS Group reduced their price objective on shares of Boeing from $275.00 to $250.00 and set a buy rating for the company in a research note on Thursday, March 21st. TD Cowen reduced their price objective on shares of Boeing from $275.00 to $230.00 and set an outperform rating for the company in a research note on Monday. Finally, William Blair started coverage on shares of Boeing in a research note on Tuesday, December 12th. They issued an outperform rating for the company. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Boeing presently has a consensus rating of Moderate Buy and an average price target of $242.65.

Boeing Stock Up 2.4 %

Boeing stock opened at $191.96 on Monday. The company’s fifty day simple moving average is $200.81 and its 200-day simple moving average is $209.96. Boeing has a 12 month low of $176.25 and a 12 month high of $267.54. The stock has a market cap of $117.12 billion, a P/E ratio of -51.89, a P/E/G ratio of 30.94 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter in the prior year, the firm earned ($1.75) earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. On average, equities research analysts expect that Boeing will post 1.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Rothschild Investment LLC IL raised its position in shares of Boeing by 21.1% during the third quarter. Rothschild Investment LLC IL now owns 75,101 shares of the aircraft producer’s stock valued at $14,395,000 after buying an additional 13,079 shares during the last quarter. Meridian Wealth Management LLC raised its position in shares of Boeing by 86.8% during the third quarter. Meridian Wealth Management LLC now owns 24,776 shares of the aircraft producer’s stock valued at $4,749,000 after buying an additional 11,510 shares during the last quarter. Morse Asset Management Inc raised its position in shares of Boeing by 65.0% during the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after buying an additional 3,152 shares during the last quarter. Peregrine Asset Advisers Inc. increased its stake in Boeing by 1,335.3% in the third quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock valued at $6,985,000 after acquiring an additional 33,904 shares during the period. Finally, California Public Employees Retirement System increased its stake in Boeing by 2.0% in the third quarter. California Public Employees Retirement System now owns 1,037,044 shares of the aircraft producer’s stock valued at $198,781,000 after acquiring an additional 19,847 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.