Analysts Set The Boeing Company (NYSE:BA) PT at $259.80

The Boeing Company (NYSE:BA) has earned a consensus recommendation of “Moderate Buy” from the twenty-three research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $259.80.

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Wolfe Research reiterated an “outperform” rating and issued a $275.00 price target on shares of Boeing in a research report on Thursday, April 23rd. Weiss Ratings cut shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Argus raised shares of Boeing to a “hold” rating in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing CEO Kelly Ortberg said the company completed an FAA capstone review, allowing 737 MAX production to increase from 42 jets a month to 47. Investors view this as a key step toward normalizing output and improving cash flow. Article Title
• Positive Sentiment: The FAA also said it expects Boeing’s 737 MAX 7 to be certified this summer and the MAX 10 before year-end, which could further support future production and deliveries. Article Title
• Positive Sentiment: Ortberg also said Boeing aims to eventually balance 737 inventory at 52 aircraft per month, signaling confidence that the narrowbody business can keep ramping beyond the newly approved rate. Article Title
• Positive Sentiment: Reports that China recently committed to purchase 200 Boeing aircraft add another demand tailwind, helping improve the outlook for commercial orders. Article Title
• Neutral Sentiment: Boeing’s presentation at the Bernstein Strategic Decisions Conference kept the stock in focus, but the main market-moving information was the production and certification progress rather than the transcript itself. Article Title
• Negative Sentiment: Recent headlines about Boeing losing some NASA and Italy-related business and competition-related losses to SpaceX are a reminder that the company still faces competitive and contract risk, even as near-term sentiment improves. Article Title

Insider Buying and Selling

In other news, Director Mortimer J. Buckley bought 2,230 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was bought at an average price of $224.20 per share, with a total value of $499,966.00. Following the acquisition, the director owned 4,430 shares of the company’s stock, valued at approximately $993,206. This represents a 101.36% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bradley D. Tilden acquired 1,370 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, with a total value of $299,345.00. Following the purchase, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Boeing

Large investors have recently bought and sold shares of the business. Revolve Wealth Partners LLC bought a new stake in shares of Boeing in the 4th quarter valued at approximately $201,000. Sivia Capital Partners LLC increased its position in shares of Boeing by 16.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after purchasing an additional 217 shares during the last quarter. AXA S.A. raised its holdings in Boeing by 1,225.7% during the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock valued at $7,261,000 after buying an additional 32,041 shares during the period. Ieq Capital LLC raised its holdings in Boeing by 243.8% during the 2nd quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock valued at $7,016,000 after buying an additional 23,746 shares during the period. Finally, Alliancebernstein L.P. lifted its position in Boeing by 4.2% in the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock worth $279,608,000 after buying an additional 53,736 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 2.5%

NYSE:BA opened at $224.36 on Friday. The stock has a market cap of $176.86 billion, a price-to-earnings ratio of 108.91 and a beta of 1.21. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The company’s 50 day moving average price is $218.03 and its 200-day moving average price is $219.21. Boeing has a 52 week low of $176.77 and a 52 week high of $254.35.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The business had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.49) earnings per share. On average, equities research analysts forecast that Boeing will post -0.15 earnings per share for the current fiscal year.

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.