Boeing (NYSE:BA) Upgraded at Argus

Argus upgraded shares of Boeing (NYSE:BAFree Report) to a hold rating in a research report released on Monday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. New Street Research set a $257.00 price target on shares of Boeing in a report on Tuesday, December 9th. Royal Bank Of Canada increased their target price on shares of Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. UBS Group raised their target price on shares of Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Wolfe Research reaffirmed an “outperform” rating on shares of Boeing in a research report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft cut Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective for the company. in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average target price of $247.39.

Check Out Our Latest Stock Analysis on BA

Boeing Stock Up 1.2%

NYSE BA opened at $235.90 on Monday. The company has a fifty day moving average of $222.69 and a two-hundred day moving average of $218.87. The firm has a market capitalization of $185.26 billion, a price-to-earnings ratio of 117.36, a PEG ratio of 10.73 and a beta of 1.15. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37. Boeing has a 52 week low of $128.88 and a 52 week high of $254.35.

Boeing (NYSE:BAGet Free Report) last released its earnings results 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 business had revenue of $23.95 billion for the quarter, compared to the consensus estimate of $22.41 billion. The company’s quarterly revenue was up 57.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($5.90) EPS. On average, analysts predict that Boeing will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Dana S. Deasy purchased 554 shares of the company’s stock in a transaction on Monday, November 24th. The shares were acquired at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the purchase, the senior vice president owned 28,442 shares in the company, valued at $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Boeing

A number of institutional investors and hedge funds have recently modified their holdings of BA. Vanguard Group Inc. boosted its holdings in shares of Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after acquiring an additional 3,460,021 shares during the last quarter. Newport Trust Company LLC boosted its holdings in Boeing by 2.5% in the third quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock valued at $6,301,901,000 after purchasing an additional 707,490 shares during the last quarter. Geode Capital Management LLC grew its position in Boeing by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 16,316,838 shares of the aircraft producer’s stock worth $3,402,073,000 after purchasing an additional 432,026 shares during the period. Fisher Asset Management LLC grew its position in Boeing by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock worth $1,188,153,000 after purchasing an additional 177,597 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Boeing by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,242,397 shares of the aircraft producer’s stock valued at $888,910,000 after buying an additional 44,338 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

About Boeing

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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.

Further Reading

Analyst Recommendations for Boeing (NYSE:BA)

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