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.

BA has been the topic of a number of other research reports. Zacks Investment Research raised shares of Boeing Company (The) from a hold rating to a buy rating and set a $228.00 target price on the stock in a research note on Tuesday, July 11th. Deutsche Bank AG lifted their target price on shares of Boeing Company (The) to $300.00 and gave the company a buy rating in a research note on Thursday, September 14th. Berenberg Bank set a $245.00 target price on shares of Boeing Company (The) and gave the company a buy rating in a research note on Friday, July 21st. Credit Suisse Group AG reaffirmed a sell rating on shares of Boeing Company (The) in a research note on Friday, July 28th. Finally, J P Morgan Chase & Co raised shares of Boeing Company (The) from a neutral rating to an overweight rating and lifted their target price for the company from $205.00 to $240.00 in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $241.21.

Shares of Boeing Company (NYSE:BA) traded down 0.49% during trading on Monday, hitting $257.63. 1,077,997 shares of the stock traded hands. Boeing Company has a 12 month low of $131.39 and a 12 month high of $259.30. The company has a 50 day moving average price of $245.51 and a 200 day moving average price of $208.65. The firm has a market cap of $152.28 billion, a price-to-earnings ratio of 22.57 and a beta of 1.21.

Boeing Company (The) (NYSE:BA) last announced its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.23. The firm had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.44) EPS. 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 Boeing Company (The) stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of Boeing Company (The) stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the completion of the transaction, the chairman now directly owns 127,778 shares of the company’s stock, valued at $31,108,831.88. The disclosure for this sale can be found here. Insiders sold 83,468 shares of company stock valued at $20,353,814 over the last ninety days. Corporate insiders own 0.28% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Clear Perspective Advisors LLC raised its holdings in shares of Boeing Company (The) by 31.0% during the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after purchasing an additional 135 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Boeing Company (The) by 181.9% during the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after purchasing an additional 402 shares during the last quarter. Vantage Investment Advisors LLC raised its holdings in shares of Boeing Company (The) by 11.1% during the second quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after purchasing an additional 84 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of Boeing Company (The) by 9.5% during the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after purchasing an additional 62 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Boeing Company (The) by 16.9% during the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after purchasing an additional 107 shares during the last quarter. 72.17% of the stock is owned by institutional investors and hedge funds.

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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