Brokerages Set The Boeing Company (NYSE:BA) PT at $237.46

The Boeing Company (NYSE:BAGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the twenty-five ratings firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $241.2609.

Several analysts have recently weighed in on BA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a report on Wednesday. UBS Group reissued a “buy” rating on shares of Boeing in a report on Wednesday, December 10th. Tigress Financial restated a “buy” rating and issued a $275.00 price objective on shares of Boeing in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research report on Thursday, October 30th. Finally, Jefferies Financial Group set a $255.00 price target on shares of Boeing in a research report on Tuesday, September 30th.

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Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

Boeing Stock Performance

Shares of BA opened at $252.16 on Friday. The company has a 50-day simple moving average of $214.08 and a 200-day simple moving average of $218.35. Boeing has a 52 week low of $128.88 and a 52 week high of $254.14. The firm has a market capitalization of $191.66 billion, a P/E ratio of -18.43, a P/E/G ratio of 7.18 and a beta of 1.16.

Boeing (NYSE:BAGet Free Report) last released its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same quarter in the previous year, the business posted ($10.44) earnings per share. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. As a group, equities analysts forecast 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 1,366 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the transaction, the executive vice president owned 14,656 shares in the company, valued at $2,896,904.96. This trade represents a 8.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Dana S. Deasy purchased 554 shares of the stock in a transaction on Monday, November 24th. The stock was bought at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the transaction, the senior vice president directly owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Boeing

Several institutional investors have recently added to or reduced their stakes in the company. Bridgewater Advisors Inc. grew its stake in Boeing by 3.6% during the fourth quarter. Bridgewater Advisors Inc. now owns 7,453 shares of the aircraft producer’s stock worth $1,618,000 after buying an additional 262 shares during the last quarter. Sunpointe LLC raised its stake in shares of Boeing by 11.4% in the fourth quarter. Sunpointe LLC now owns 1,388 shares of the aircraft producer’s stock valued at $301,000 after acquiring an additional 142 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its holdings in shares of Boeing by 1.9% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 211,608 shares of the aircraft producer’s stock worth $45,944,000 after acquiring an additional 3,896 shares in the last quarter. Tyche Wealth Partners LLC grew its position in Boeing by 2.3% during the 4th quarter. Tyche Wealth Partners LLC now owns 5,267 shares of the aircraft producer’s stock worth $1,144,000 after acquiring an additional 120 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC bought a new stake in Boeing during the 4th quarter worth approximately $264,000. 64.82% of the stock is owned by institutional investors.

Boeing Company Profile

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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.

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