Boeing (NYSE:BA) Downgraded to “Sell” at Northcoast Research

Northcoast Research lowered shares of Boeing (NYSE:BA) from a neutral rating to a sell rating in a report published on Wednesday morning, Marketbeat reports. Northcoast Research currently has $140.00 target price on the aircraft producer’s stock.

BA has been the topic of a number of other reports. Stifel Nicolaus cut their price objective on Boeing from $270.00 to $260.00 and set a buy rating on the stock in a research note on Wednesday, April 10th. Melius Research reaffirmed a hold rating on shares of Boeing in a research note on Monday, April 1st. Susquehanna dropped their price target on Boeing from $265.00 to $230.00 and set a positive rating on the stock in a research note on Thursday, March 21st. Royal Bank of Canada dropped their price target on Boeing from $225.00 to $215.00 and set an outperform rating on the stock in a research note on Tuesday. Finally, Melius reissued a hold rating on shares of Boeing in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $229.35.

Boeing Trading Down 0.2 %

Shares of BA stock opened at $170.19 on Wednesday. The business’s 50-day moving average price is $191.86 and its 200-day moving average price is $207.54. Boeing has a 12 month low of $167.53 and a 12 month high of $267.54. The firm has a market capitalization of $103.84 billion, a price-to-earnings ratio of -46.25, a PEG ratio of 114.53 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. Boeing’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.75) earnings per share. On average, sell-side analysts predict that Boeing will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boeing

Institutional investors have recently bought and sold shares of the stock. Strategic Blueprint LLC grew its holdings in Boeing by 8.7% during the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after buying an additional 264 shares in the last quarter. Rothschild Investment LLC IL grew its stake in Boeing by 21.1% in the 3rd quarter. Rothschild Investment LLC IL now owns 75,101 shares of the aircraft producer’s stock valued at $14,395,000 after purchasing an additional 13,079 shares during the period. Meridian Wealth Management LLC grew its stake in Boeing by 86.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 24,776 shares of the aircraft producer’s stock valued at $4,749,000 after purchasing an additional 11,510 shares during the period. Morse Asset Management Inc grew its stake in Boeing by 65.0% in the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after purchasing an additional 3,152 shares during the period. Finally, Peregrine Asset Advisers Inc. grew its stake in Boeing by 1,335.3% in the 3rd quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock valued at $6,985,000 after purchasing an additional 33,904 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Company Profile

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.