Northcoast Research Begins Coverage on Boeing (NYSE:BA)

Northcoast Research initiated coverage on shares of Boeing (NYSE:BA – Get Rating) in a research note released on Thursday morning, The Fly reports. The brokerage issued a neutral rating on the aircraft producer’s stock.

Other analysts have also recently issued reports about the stock. Bank of America upped their price objective on shares of Boeing from $165.00 to $190.00 and gave the stock a neutral rating in a research note on Wednesday, December 7th. Wells Fargo & Company upped their price objective on shares of Boeing from $218.00 to $240.00 and gave the stock an overweight rating in a research note on Wednesday, January 11th. Morgan Stanley cut shares of Boeing from an overweight rating to an equal weight rating and upped their price objective for the stock from $213.00 to $220.00 in a research note on Tuesday, January 10th. Susquehanna Bancshares upped their price objective on shares of Boeing from $185.00 to $217.00 and gave the stock a positive rating in a research note on Wednesday, December 14th. Finally, Credit Suisse Group set a $200.00 price objective on shares of Boeing in a research note on Thursday, January 26th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $225.13.

Boeing Stock Down 1.1 %

NYSE:BA opened at $201.05 on Thursday. Boeing has a 12-month low of $113.02 and a 12-month high of $221.33. The firm has a market capitalization of $120.47 billion, a PE ratio of -24.25, a price-to-earnings-growth ratio of 53.21 and a beta of 1.43. The firm has a 50-day moving average price of $209.05 and a 200 day moving average price of $178.03.

Boeing (NYSE:BA – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The aircraft producer reported ($1.75) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($1.80). The company had revenue of $19.98 billion for the quarter, compared to analysts’ expectations of $20.10 billion. During the same period in the previous year, the business earned ($7.69) earnings per share. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. On average, research analysts expect that Boeing will post 0.74 EPS for the current year.

Hedge Funds Weigh In On Boeing

Hedge funds and other institutional investors have recently bought and sold shares of the business. Grey Fox Wealth Advisors LLC bought a new position in Boeing in the fourth quarter valued at approximately $25,000. Piershale Financial Group Inc. acquired a new stake in Boeing in the fourth quarter worth $27,000. Mendota Financial Group LLC acquired a new stake in Boeing in the fourth quarter worth $29,000. Steward Financial Group LLC acquired a new stake in Boeing in the fourth quarter worth $30,000. Finally, Richard W. Paul & Associates LLC acquired a new stake in Boeing in the fourth quarter worth $30,000. 57.07% of the stock is owned by institutional investors.

Boeing Company Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.