Boeing (NYSE:BA) Rating Increased to Neutral at Northcoast Research

Northcoast Research upgraded shares of Boeing (NYSE:BA) from a sell rating to a neutral rating in a research note published on Thursday morning, Marketbeat reports.

BA has been the subject of a number of other reports. Morgan Stanley cut their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. UBS Group reduced their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Benchmark reissued a “buy” rating and set a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. Finally, DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Boeing currently has an average rating of “Hold” and a consensus target price of $190.11.

Boeing Trading Up 1.1 %

Shares of Boeing stock opened at $167.79 on Thursday. Boeing has a 1-year low of $137.03 and a 1-year high of $267.54. The company’s fifty day simple moving average is $152.49 and its 200-day simple moving average is $166.16.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the firm posted ($3.26) earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, research analysts predict that Boeing will post -16.18 EPS for the current year.

Institutional Investors Weigh In On Boeing

Institutional investors have recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the third quarter worth about $28,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing during the 3rd quarter worth $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing in the 2nd quarter valued at about $33,000. Hobbs Group Advisors LLC purchased a new stake in shares of Boeing in the 2nd quarter valued at approximately $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds 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.