Boeing (NYSE:BA) Rating Lowered to Sell at StockNews.com

StockNews.com cut shares of Boeing (NYSE:BA) from a hold rating to a sell rating in a research report released on Friday morning.

Other analysts have also recently issued reports about the company. Wells Fargo & Company dropped their price objective on Boeing from $225.00 to $215.00 and set an equal weight rating for the company in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Boeing from $240.00 to $225.00 and set a buy rating for the company in a research report on Thursday. Susquehanna decreased their target price on Boeing from $265.00 to $230.00 and set a positive rating for the company in a research report on Thursday, March 21st. Bank of America decreased their target price on Boeing from $210.00 to $190.00 and set a neutral rating for the company in a research report on Thursday, April 11th. Finally, Benchmark restated a buy rating and set a $250.00 target price on shares of Boeing in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Boeing currently has a consensus rating of Moderate Buy and a consensus target price of $222.41.

Boeing Price Performance

Shares of NYSE:BA opened at $167.26 on Friday. Boeing has a 1-year low of $159.70 and a 1-year high of $267.54. The business has a 50-day moving average price of $186.53 and a two-hundred day moving average price of $206.46.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.75) earnings per share. On average, equities research analysts anticipate that Boeing will post 0.3 earnings per share for the current year.

Hedge Funds Weigh In On Boeing

A number of large investors have recently bought and sold shares of BA. Strategic Blueprint LLC boosted its position in Boeing by 24.4% during the 3rd quarter. Strategic Blueprint LLC now owns 3,031 shares of the aircraft producer’s stock worth $581,000 after acquiring an additional 595 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in Boeing by 1.9% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,403 shares of the aircraft producer’s stock worth $652,000 after acquiring an additional 63 shares during the last quarter. Ballentine Partners LLC boosted its position in Boeing by 22.1% during the 3rd quarter. Ballentine Partners LLC now owns 7,086 shares of the aircraft producer’s stock worth $1,358,000 after acquiring an additional 1,283 shares during the last quarter. TFG Advisers LLC boosted its position in Boeing by 5.3% during the 3rd quarter. TFG Advisers LLC now owns 6,349 shares of the aircraft producer’s stock worth $1,217,000 after acquiring an additional 318 shares during the last quarter. Finally, Grimes & Company Inc. boosted its position in Boeing by 3.4% during the 3rd quarter. Grimes & Company Inc. now owns 40,275 shares of the aircraft producer’s stock worth $7,720,000 after acquiring an additional 1,317 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.