Boeing (NYSE:BA) Stock Rating Upgraded by Zacks Research

Boeing (NYSE:BA) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. UBS Group reaffirmed a “buy” rating on shares of Boeing in a research note on Thursday, October 30th. Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a report on Tuesday, September 30th. BNP Paribas Exane initiated coverage on shares of Boeing in a report on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft cut shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a research report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $232.09.

Boeing Trading Down 0.2%

Shares of NYSE BA opened at $202.10 on Tuesday. The firm has a market capitalization of $153.61 billion, a P/E ratio of -14.77 and a beta of 1.18. The firm’s 50-day moving average price is $204.87 and its 200-day moving average price is $214.20. Boeing has a 1-year low of $128.88 and a 1-year high of $242.69.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. Boeing’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same period last year, the firm earned ($10.44) earnings per share. Equities research analysts forecast that Boeing will post -2.58 EPS for the current year.

Insider Activity

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

Institutional Investors Weigh In On Boeing

Large investors have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL boosted its holdings in shares of Boeing by 6.3% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,646 shares of the aircraft producer’s stock worth $355,000 after buying an additional 98 shares during the last quarter. Allworth Financial LP increased its holdings in Boeing by 7.9% during the third quarter. Allworth Financial LP now owns 42,075 shares of the aircraft producer’s stock worth $9,081,000 after buying an additional 3,073 shares during the last quarter. Swiss Life Asset Management Ltd raised its position in Boeing by 12.7% in the third quarter. Swiss Life Asset Management Ltd now owns 58,459 shares of the aircraft producer’s stock worth $12,617,000 after acquiring an additional 6,570 shares during the period. Trust Investment Advisors boosted its stake in Boeing by 1.4% in the third quarter. Trust Investment Advisors now owns 6,823 shares of the aircraft producer’s stock valued at $1,473,000 after acquiring an additional 93 shares during the last quarter. Finally, Pointe Capital Management LLC grew its position in shares of Boeing by 13.2% during the 3rd quarter. Pointe Capital Management LLC now owns 3,891 shares of the aircraft producer’s stock valued at $840,000 after acquiring an additional 453 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

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.