The Boeing (NYSE:BA) Stock Rating Upgraded by Sanford C. Bernstein

The Boeing (NYSE:BA) was upgraded by stock analysts at Sanford C. Bernstein from an “underperform” rating to a “market perform” rating in a note issued to investors on Tuesday, reports. The brokerage currently has a $229.00 price objective on the aircraft producer’s stock, up from their previous price objective of $196.00. Sanford C. Bernstein’s target price indicates a potential downside of 2.63% from the stock’s previous close.

A number of other equities analysts also recently weighed in on BA. Berenberg Bank set a $215.00 target price on shares of The Boeing and gave the stock a “hold” rating in a research note on Wednesday, January 20th. Nord/LB cut shares of The Boeing from a “hold” rating to a “sell” rating in a research report on Thursday, January 28th. Benchmark decreased their price objective on The Boeing from $290.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, February 19th. Susquehanna Bancshares boosted their target price on The Boeing from $250.00 to $300.00 and gave the stock a “positive” rating in a research report on Friday, March 19th. Finally, Susquehanna raised their price target on The Boeing from $250.00 to $300.00 and gave the company a “positive” rating in a report on Thursday, March 25th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. The Boeing presently has a consensus rating of “Hold” and a consensus price target of $240.22.

BA stock opened at $235.19 on Tuesday. The business has a fifty day moving average price of $248.23 and a 200 day moving average price of $215.96. The Boeing has a fifty-two week low of $113.89 and a fifty-two week high of $278.57. The stock has a market capitalization of $137.54 billion, a price-to-earnings ratio of -29.81, a P/E/G ratio of 101.91 and a beta of 1.65.

The Boeing (NYSE:BA) last announced its earnings results on Tuesday, April 27th. The aircraft producer reported ($1.53) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.17) by ($0.36). The firm had revenue of $15.22 billion during the quarter, compared to the consensus estimate of $15.95 billion. The business’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.70) EPS. As a group, equities research analysts forecast that The Boeing will post -9.39 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in BA. Sage Rhino Capital LLC boosted its holdings in shares of The Boeing by 20.9% in the 1st quarter. Sage Rhino Capital LLC now owns 3,124 shares of the aircraft producer’s stock valued at $796,000 after buying an additional 540 shares during the last quarter. MJP Associates Inc. ADV acquired a new stake in The Boeing in the first quarter valued at $223,000. Ascension Asset Management LLC bought a new position in shares of The Boeing in the 1st quarter valued at about $2,062,000. Ieq Capital LLC acquired a new position in shares of The Boeing during the 1st quarter worth about $1,776,000. Finally, StrategIQ Financial Group LLC bought a new stake in shares of The Boeing in the 1st quarter valued at about $200,000. 51.41% of the stock is currently owned by institutional investors and hedge funds.

About The Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Analyst Recommendations for The Boeing (NYSE:BA)

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