Boeing Co (NYSE:BA) has earned an average recommendation of “Hold” from the twenty-eight research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $411.68.

A number of analysts have commented on the company. Zacks Investment Research cut Boeing from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Cowen restated a “buy” rating and issued a $460.00 price target on shares of Boeing in a research report on Monday, April 8th. Credit Suisse Group restated a “buy” rating and issued a $440.00 price target on shares of Boeing in a research report on Friday, April 12th. ValuEngine cut Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, Wolfe Research set a $436.00 target price on Boeing and gave the stock a “buy” rating in a research report on Monday, April 8th.

BA traded down $4.20 during midday trading on Wednesday, reaching $377.52. The company had a trading volume of 4,038,727 shares, compared to its average volume of 7,053,376. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 25.99. The stock has a market cap of $215.47 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 1.97 and a beta of 1.33. Boeing has a 1 year low of $292.47 and a 1 year high of $446.01.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 30th. The aircraft producer reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $4.52 by $0.96. The business had revenue of $28.34 billion during the quarter, compared to analysts’ expectations of $26.76 billion. Boeing had a negative return on equity of 4,286.60% and a net margin of 10.34%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.04 earnings per share. On average, equities analysts anticipate that Boeing will post 17.07 earnings per share for the current fiscal year.

In other Boeing news, CFO Gregory D. Smith sold 19,500 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $401.38, for a total transaction of $7,826,910.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Heidi B. Capozzi sold 2,916 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $410.84, for a total value of $1,198,009.44. The disclosure for this sale can be found here. Insiders have sold 72,247 shares of company stock valued at $28,922,977 in the last quarter. 0.23% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BA. Wedbush Securities Inc. lifted its stake in shares of Boeing by 11.2% in the 1st quarter. Wedbush Securities Inc. now owns 23,992 shares of the aircraft producer’s stock valued at $9,151,000 after purchasing an additional 2,408 shares during the last quarter. Carroll Financial Associates Inc. lifted its stake in shares of Boeing by 25.9% in the 1st quarter. Carroll Financial Associates Inc. now owns 3,539 shares of the aircraft producer’s stock valued at $1,350,000 after purchasing an additional 728 shares during the last quarter. Stock Yards Bank & Trust Co. lifted its stake in shares of Boeing by 0.5% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 55,409 shares of the aircraft producer’s stock valued at $21,134,000 after purchasing an additional 285 shares during the last quarter. Ford Financial Group Inc. bought a new stake in shares of Boeing in the 1st quarter valued at approximately $289,000. Finally, Appleton Partners Inc. MA lifted its stake in shares of Boeing by 1.1% in the 1st quarter. Appleton Partners Inc. MA now owns 4,337 shares of the aircraft producer’s stock valued at $1,654,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 69.76% of the company’s stock.

About 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 in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Analyst Recommendations for Boeing (NYSE:BA)

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