Boeing (NYSE:BA) Upgraded to “Strong-Buy” at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Boeing (NYSE:BA) to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the company. Susquehanna reaffirmed a “positive” rating and set a $280.00 price target on shares of Boeing in a research report on Thursday, January 15th. UBS Group raised their price objective on shares of Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings upgraded shares of Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a report on Thursday, February 5th. Finally, Zacks Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $254.10.

Boeing Stock Performance

BA stock opened at $207.51 on Tuesday. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.19 and a quick ratio of 0.40. Boeing has a 1 year low of $128.88 and a 1 year high of $254.35. The company has a market cap of $162.97 billion, a P/E ratio of 103.24 and a beta of 1.13. The stock’s fifty day moving average price is $224.89 and its 200-day moving average price is $216.53.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The firm had revenue of $23.95 billion for the quarter, compared to analysts’ expectations of $22.41 billion. During the same quarter last year, the company posted ($5.90) EPS. The firm’s revenue was up 57.1% compared to the same quarter last year. On average, equities analysts forecast that Boeing will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In other Boeing news, SVP Ann M. Schmidt sold 6,281 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the sale, the senior vice president owned 13,978 shares in the company, valued at approximately $3,401,825.86. This trade represents a 31.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Howard E. Mckenzie sold 10,497 shares of Boeing stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $233.99, for a total transaction of $2,456,193.03. Following the transaction, the executive vice president directly owned 14,692 shares in the company, valued at $3,437,781.08. This represents a 41.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,012 shares of company stock valued at $4,980,687 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of Boeing

A number of hedge funds and other institutional investors have recently modified their holdings of BA. Vanguard Group Inc. increased its stake in Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after buying an additional 3,460,021 shares in the last quarter. Newport Trust Company LLC boosted its stake in shares of Boeing by 1.0% in the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock worth $6,401,847,000 after acquiring an additional 286,848 shares during the period. Geode Capital Management LLC boosted its stake in shares of Boeing by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock worth $3,679,592,000 after acquiring an additional 533,753 shares during the period. Fisher Asset Management LLC grew its position in shares of Boeing by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock worth $1,224,752,000 after purchasing an additional 135,860 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Boeing by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock worth $948,905,000 after purchasing an additional 138,469 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s core stage powered NASA’s Artemis II — a high-profile success that boosts Boeing’s space and government backlog credibility and supports long?term civil/space revenue potential. Boeing-built Space Launch System Core Stage Powers First Crewed Artemis Mission around the Moon
• Positive Sentiment: The Pentagon reached a framework deal to triple PAC?3 MSE seeker production with Boeing and Lockheed, implying multi?year defense revenue and manufacturing leverage for Boeing’s missile business. Boeing, Lockheed Martin to boost production of PAC-3 MSE seekers, Pentagon says
• Positive Sentiment: Wells Fargo initiated coverage of BA with an “overweight” rating and a $250 price target, signaling buy-side support and adding catalyst for upside from analyst momentum. Wells Fargo initiates coverage of Boeing (BA) with overweight recommendation
• Positive Sentiment: A federal appeals court upheld a decision to dismiss Boeing’s criminal case tied to the 737 MAX crashes, removing a major legal overhang and reducing regulatory/legal uncertainty. US appeals court upholds decision to dismiss Boeing criminal case
• Neutral Sentiment: BNP Paribas says Boeing’s supply chain shows signs of stabilization though 737 output still trails targets — good for future margin recovery but near?term delivery growth may remain muted. Boeing supply chain shows signs of stabilization as 737 output trails target: BNP Paribas
• Neutral Sentiment: Boeing set the date to report Q1 results on April 22 — an upcoming earnings release that could reprice the stock depending on delivery cadence, margins and guidance. Boeing to Release First Quarter Results on April 22
• Negative Sentiment: Coverage and commentary continue to highlight safety and quality scrutiny — a persistent reputational and operational risk that could pressure valuation until sustained improvements are clear. Is Boeing (BA) Now At An Attractive Price After Recent Safety Scrutiny?

About Boeing

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.