Boeing’s (BA) “Buy” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Boeing (NYSE:BA) in a research note published on Monday, Benzinga reports. The firm currently has a $270.00 target price on the aircraft producer’s stock.

BA has been the topic of a number of other reports. Morgan Stanley reaffirmed an equal weight rating and set a $235.00 price objective on shares of Boeing in a report on Monday. Susquehanna reduced their target price on Boeing from $265.00 to $230.00 and set a positive rating on the stock in a report on Thursday, March 21st. UBS Group reduced their target price on Boeing from $275.00 to $250.00 and set a buy rating on the stock in a report on Thursday, March 21st. Barclays boosted their target price on Boeing from $210.00 to $235.00 and gave the stock an equal weight rating in a report on Wednesday, December 6th. Finally, Bank of America reduced their target price on Boeing from $225.00 to $210.00 and set a neutral rating on the stock in a report on Thursday, March 21st. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $241.53.

Boeing Trading Up 0.5 %

Shares of Boeing stock opened at $192.83 on Monday. Boeing has a twelve month low of $176.25 and a twelve month high of $267.54. The stock has a market capitalization of $117.65 billion, a price-to-earnings ratio of -52.40, a PEG ratio of 30.31 and a beta of 1.52. The business’s 50 day simple moving average is $200.59 and its 200-day simple moving average is $209.84.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.75) earnings per share. Sell-side analysts predict that Boeing will post 1.55 earnings per share for the current year.

Institutional Investors Weigh In On Boeing

Institutional investors and hedge funds have recently modified their holdings of the stock. CNB Bank increased its stake in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Boeing in the fourth quarter worth approximately $26,000. Evolution Advisers Inc. bought a new stake in shares of Boeing in the fourth quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Boeing in the fourth quarter worth approximately $28,000. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Boeing in the second quarter worth approximately $32,000. 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.