ValuEngine cut shares of Boeing Company (The) (NYSE:BA) from a buy rating to a hold rating in a research report released on Monday morning.

Several other research firms also recently commented on BA. Canaccord Genuity reaffirmed a hold rating and issued a $215.00 target price (up previously from $200.00) on shares of Boeing Company (The) in a research report on Sunday, July 30th. Argus reaffirmed a buy rating and issued a $270.00 target price on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Buckingham Research raised Boeing Company (The) from an underperform rating to a neutral rating in a research report on Friday, July 28th. Vetr raised Boeing Company (The) from a hold rating to a buy rating and set a $253.33 target price on the stock in a research report on Monday, August 7th. Finally, Wells Fargo & Company reaffirmed a market perform rating on shares of Boeing Company (The) in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $241.32.

Shares of Boeing Company (BA) opened at 255.76 on Monday. The firm has a 50 day moving average price of $244.91 and a 200-day moving average price of $208.29. Boeing Company has a 12 month low of $131.39 and a 12 month high of $259.30. The company has a market cap of $151.18 billion, a P/E ratio of 22.41 and a beta of 1.21.

Boeing Company (The) (NYSE:BA) last posted its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating the consensus estimate of $2.32 by $0.23. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The company had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. During the same quarter in the prior year, the business earned ($0.44) earnings per share. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. Analysts anticipate that Boeing Company will post $10.02 earnings per share for the current fiscal year.

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In other Boeing Company (The) news, SVP Thomas J. Downey sold 134 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory D. Smith sold 19,757 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $245.42, for a total value of $4,848,762.94. Following the sale, the chief financial officer now owns 152,195 shares of the company’s stock, valued at $37,351,696.90. The disclosure for this sale can be found here. Insiders have sold 83,468 shares of company stock valued at $20,353,814 over the last 90 days. Corporate insiders own 0.28% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sonata Capital Group Inc. lifted its stake in Boeing Company (The) by 0.3% during the first quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock worth $884,000 after purchasing an additional 16 shares during the last quarter. Investment Partners Ltd. OH ADV lifted its stake in Boeing Company (The) by 1.1% during the first quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock worth $1,274,000 after purchasing an additional 79 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in shares of Boeing Company (The) by 7.9% during the first quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock worth $1,199,000 after buying an additional 499 shares in the last quarter. Hudock Capital Group LLC increased its holdings in shares of Boeing Company (The) by 438.2% during the first quarter. Hudock Capital Group LLC now owns 8,289 shares of the aircraft producer’s stock worth $1,466,000 after buying an additional 6,749 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its holdings in shares of Boeing Company (The) by 0.3% during the first quarter. Harbour Capital Advisors LLC now owns 7,172 shares of the aircraft producer’s stock worth $1,268,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 72.17% of the company’s stock.

Boeing Company (The) Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

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Analyst Recommendations for Boeing Company (The) (NYSE:BA)

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