Boeing (NYSE:BA) Research Coverage Started at Citigroup

Citigroup started coverage on shares of Boeing (NYSE:BA) in a research report released on Thursday, Marketbeat.com reports. The firm issued a buy rating and a $265.00 price target on the aircraft producer’s stock.

A number of other equities research analysts also recently weighed in on BA. Jefferies Financial Group set a $255.00 target price on Boeing in a report on Tuesday, September 30th. BNP Paribas Exane began coverage on shares of Boeing in a research report on Tuesday, November 18th. They set an “underperform” rating and a $150.00 target price on the stock. UBS Group reissued a “buy” rating on shares of Boeing in a research note on Wednesday. The Goldman Sachs Group restated a “buy” rating on shares of Boeing in a report on Tuesday. Finally, New Street Research set a $257.00 price objective on shares of Boeing in a report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $232.96.

Boeing Stock Up 1.8%

BA stock opened at $204.33 on Thursday. The firm has a market cap of $155.31 billion, a price-to-earnings ratio of -14.94 and a beta of 1.18. The company’s fifty day simple moving average is $202.82 and its 200 day simple moving average is $214.12. Boeing has a 12-month low of $128.88 and a 12-month high of $242.69.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion during the quarter, compared to analysts’ expectations of $21.61 billion. The company’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the business posted ($10.44) earnings per share. Research analysts expect that Boeing will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Dana S. Deasy bought 554 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were bought at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, the senior vice president directly owned 28,442 shares in the company, valued at approximately $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.09% of the company’s stock.

Institutional Trading of Boeing

Several institutional investors have recently made changes to their positions in the company. Wallace Advisory Group LLC lifted its position in shares of Boeing by 1.2% during the second quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after purchasing an additional 44 shares in the last quarter. Aspire Capital Advisors LLC increased its stake in Boeing by 0.8% in the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after buying an additional 45 shares during the last quarter. Lantz Financial LLC lifted its position in shares of Boeing by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after buying an additional 46 shares in the last quarter. Blue Barn Wealth LLC boosted its stake in shares of Boeing by 1.8% in the 2nd quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock worth $544,000 after buying an additional 46 shares during the last quarter. Finally, N.E.W. Advisory Services LLC grew its holdings in shares of Boeing by 3.1% in the third quarter. N.E.W. Advisory Services LLC now owns 1,540 shares of the aircraft producer’s stock valued at $332,000 after acquiring an additional 46 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Company Profile

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.