Boeing (NYSE:BA) Stock Rating Upgraded by StockNews.com

Boeing (NYSE:BA) was upgraded by investment analysts at StockNews.com to a “sell” rating in a note issued to investors on Saturday.

Other research analysts have also issued research reports about the company. Susquehanna upped their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. UBS Group upped their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Citigroup lifted their price target on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $196.10.

Boeing Stock Performance

Shares of Boeing stock opened at $136.61 on Friday. Boeing has a one year low of $132.79 and a one year high of $196.95. The company has a market cap of $102.47 billion, a P/E ratio of -7.46 and a beta of 1.53. The firm has a fifty day moving average of $172.36 and a two-hundred day moving average of $164.28.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the firm earned ($0.47) EPS. As a group, equities analysts predict that Boeing will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Boeing

Several large investors have recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing during the fourth quarter valued at approximately $28,000. HighMark Wealth Management LLC boosted its position in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after buying an additional 90 shares during the period. Finally, REAP Financial Group LLC increased its position in Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after acquiring an additional 65 shares during the period. 64.82% of the stock is currently 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.