Boeing (NYSE:BA) Earns “Buy” Rating from Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Boeing (NYSE:BA) in a research note released on Monday, Benzinga reports. Stifel Nicolaus currently has a $270.00 price objective on the aircraft producer’s stock.

Several other equities analysts also recently commented on the stock. Susquehanna dropped their price objective on shares of Boeing from $265.00 to $230.00 and set a positive rating for the company in a research note on Thursday, March 21st. UBS Group cut their price objective on Boeing from $275.00 to $250.00 and set a buy rating on the stock in a report on Thursday, March 21st. TD Cowen reduced their price objective on shares of Boeing from $275.00 to $230.00 and set an outperform rating on the stock in a research note on Monday. Barclays raised their price objective on Boeing from $210.00 to $235.00 and gave the stock an equal weight rating in a research report on Wednesday, December 6th. Finally, Royal Bank of Canada decreased their target price on shares of Boeing from $285.00 to $260.00 and set an outperform rating for the company in a research report on Thursday, February 1st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $242.65.

Boeing Price Performance

NYSE BA opened at $191.96 on Monday. Boeing has a fifty-two week low of $176.25 and a fifty-two week high of $267.54. The business has a fifty day moving average price of $200.81 and a two-hundred day moving average price of $209.96. The stock has a market capitalization of $117.12 billion, a PE ratio of -51.89, a PEG ratio of 30.94 and a beta of 1.52.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the prior year, the firm earned ($1.75) EPS. The business’s revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts expect that Boeing will post 1.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC bought a new position in shares of Boeing in the fourth quarter valued at $26,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Boeing in the 4th quarter worth about $28,000. Evolution Advisers Inc. bought a new position in Boeing in the 4th quarter valued at about $28,000. CNB Bank boosted its stake in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares during the last quarter. Finally, Vima LLC bought a new stake in Boeing during the 4th quarter worth approximately $34,000. 64.82% of the stock is owned by institutional investors and hedge funds.

About Boeing

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.