Brokerages Set The Boeing Company (NYSE:BA) Target Price at $261.61

The Boeing Company (NYSE:BA) has been given a consensus rating of “Moderate Buy” by the twenty-two brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, fourteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $261.5263.

BA has been the topic of a number of recent analyst reports. Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Morgan Stanley lifted their price objective on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Citigroup upped their target price on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Wolfe Research reiterated an “outperform” rating and set a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Finally, Tigress Financial raised their price target on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA said Boeing can again self-certify airworthiness for its 737 MAX and 787 jets, restoring a key authority Boeing lost after the MAX crashes and signaling improving oversight trust. FAA returning ticketing authority to Boeing for 737 MAX, 787 planes
• Positive Sentiment: Reports also say Boeing is nearing certification milestones for the 737 MAX 7 and MAX 10, which could help unlock delayed deliveries and improve cash flow. Boeing nears key certification milestone for 737 Max 7 and Max 10
• Positive Sentiment: Boeing delivered 64 jets in June and posted its strongest first half of deliveries since 2018, reinforcing the case that production and cash generation are improving. Boeing Delivered 64 Jets in June. Here’s What That Means for Its July 28 Earnings.
• Positive Sentiment: Boeing is also targeting a potential 100-jet SMBC deal, while broader airline demand headlines and upcoming air shows could support new order activity. Boeing Targets 100-Jet SMBC Deal as Airbus Battles for Major Order
• Neutral Sentiment: Analysts continue to rate Boeing as a “moderate buy,” but that view reflects ongoing execution progress rather than a near-term breakout catalyst. The Boeing Company (NYSE:BA) Given Average Recommendation of “Moderate Buy” by Brokerages
• Negative Sentiment: Competition remains a concern, as Airbus won major orders from Chinese airlines, highlighting Boeing’s continued weakness in a key international market. Airbus Wins Major Order from Air China to Firm Regional Hold

Boeing Stock Performance

NYSE:BA opened at $214.38 on Friday. The firm has a 50 day simple moving average of $221.83 and a 200-day simple moving average of $224.74. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The firm has a market cap of $169.00 billion, a PE ratio of 104.07 and a beta of 1.21. Boeing has a 1-year low of $176.77 and a 1-year high of $254.35.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to analysts’ expectations of $22.15 billion. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.49) EPS. On average, equities analysts expect that Boeing will post -0.27 EPS for the current year.

Insider Activity at Boeing

In related news, Director Bradley D. Tilden acquired 1,370 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director directly owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Boeing

Several institutional investors and hedge funds have recently bought and sold shares of BA. Ballast Inc. raised its stake in Boeing by 24.0% during the second quarter. Ballast Inc. now owns 9,406 shares of the aircraft producer’s stock worth $2,036,000 after purchasing an additional 1,822 shares during the period. Regent Peak Wealth Advisors LLC grew its stake in shares of Boeing by 36.1% during the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 1,625 shares of the aircraft producer’s stock valued at $352,000 after buying an additional 431 shares during the period. Investors Research Corp grew its stake in shares of Boeing by 679.6% during the 2nd quarter. Investors Research Corp now owns 382 shares of the aircraft producer’s stock valued at $83,000 after buying an additional 333 shares during the period. Tema ETFs LLC grew its stake in shares of Boeing by 11.1% during the 2nd quarter. Tema ETFs LLC now owns 14,835 shares of the aircraft producer’s stock valued at $3,211,000 after buying an additional 1,487 shares during the period. Finally, Rise Advisors LLC increased its holdings in shares of Boeing by 2.9% during the 2nd quarter. Rise Advisors LLC now owns 3,051 shares of the aircraft producer’s stock worth $660,000 after buying an additional 86 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.