Boeing (NYSE:BA) Given Buy Rating at Bank of America

Boeing (NYSE:BA)‘s stock had its “buy” rating reaffirmed by stock analysts at Bank of America in a report issued on Friday, September 18th, Benzinga reports. They currently have a $270.00 price objective on the aircraft producer’s stock. Bank of America‘s target price would suggest a potential upside of 36.44% from the company’s current price.

A number of other research firms have also recently weighed in on BA. Btg Pactual set a $260.00 price objective on shares of Boeing in a report on Tuesday, July 14th. Royal Bank Of Canada decreased their price target on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. BNP Paribas Exane upgraded Boeing from an “underperform” rating to an “outperform” rating and boosted their price objective for the stock from $230.00 to $300.00 in a research note on Monday, August 3rd. Citigroup downgraded Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. Finally, UBS Group initiated coverage on Boeing in a research report on Tuesday, August 11th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $270.95.

Boeing Stock Performance

BA traded up $1.10 on Friday, reaching $197.90. The stock had a trading volume of 5,376,119 shares, compared to its average volume of 6,667,920. Boeing has a 12-month low of $176.77 and a 12-month high of $254.35. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The business’s 50-day moving average price is $214.38 and its two-hundred day moving average price is $217.29. The company has a market cap of $156.41 billion, a P/E ratio of 85.67 and a beta of 1.21.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion during the quarter, compared to analysts’ expectations of $24.26 billion. During the same period in the previous year, the firm posted ($1.24) EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts forecast that Boeing will post -0.91 earnings per share for the current year.

Hedge Funds Weigh In On Boeing

Several institutional investors and hedge funds have recently bought and sold shares of the company. QRG Capital Management Inc. boosted its holdings in Boeing by 449.6% in the 2nd quarter. QRG Capital Management Inc. now owns 571,042 shares of the aircraft producer’s stock valued at $123,613,000 after purchasing an additional 467,137 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Boeing by 116.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 72,412 shares of the aircraft producer’s stock worth $15,675,000 after purchasing an additional 39,007 shares during the last quarter. Premier Financial Group acquired a new stake in shares of Boeing during the 2nd quarter worth about $128,000. Security National Bank of SO Dak acquired a new stake in shares of Boeing during the 2nd quarter worth about $30,000. Finally, Anchor Investment Management LLC increased its position in shares of Boeing by 1.7% during the 2nd quarter. Anchor Investment Management LLC now owns 10,252 shares of the aircraft producer’s stock worth $2,219,000 after purchasing an additional 171 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Major new orders strengthen Boeing’s backlog. Turkish Airlines finalized an agreement for up to 150 737 MAX jets, including 100 firm orders and 50 options. Boeing also received an order for 11 aircraft from Biman Bangladesh Airlines, adding to the carrier’s earlier purchases. These deals reinforce strong long-term demand for Boeing’s commercial aircraft. What Does Boeing Winning a 150 Jet Order Mean Now?
• Positive Sentiment: Analyst sentiment improved. Wolfe Research upgraded Boeing from “hold” to “strong buy,” providing a potential near-term catalyst after the stock’s recent weakness. However, investors should treat brokerage recommendations cautiously because analyst ratings can be overly optimistic. Boeing Is Considered a Good Investment by Brokers
• Positive Sentiment: 737 MAX certification and aftermarket initiatives offer additional support. Alaska Air expects the 737 MAX 10 to receive certification by the end of September and plans to take its first aircraft next spring. Boeing also completed its first 737 MAX landing-gear exchange for American Airlines, expanding a potentially recurring aftermarket revenue opportunity. Alaska Air Expects Boeing 737 MAX 10 Certification
• Neutral Sentiment: Investors are focused on whether Boeing can convert demand into cash. The company is encouraging suppliers to adopt automation as production ramps, while labor-related risks have eased after the engineering union recommended a contract. Still, Boeing reportedly needs roughly $10 billion in cash flow to complete its turnaround, making execution more important than headline order volume. Boeing Recovery Hits Another Speed Bump
• Negative Sentiment: Production remains the central weakness. Boeing’s 737 output at 47 aircraft per month is reportedly not yet stable because of a wing-shop bottleneck. Analysts say the turnaround depends on increasing deliveries and improving cash generation, while the stock’s elevated valuation leaves limited room for further execution disappointments. What Must Happen for Boeing Stock to Get Unstuck
• Negative Sentiment: China-related upside has faded. Reports indicate that a major new Chinese aircraft commitment is unlikely to emerge from the Trump-Xi summit. That removes a closely watched catalyst and contributed to recent selling pressure, leaving investors focused on Boeing’s ability to execute its existing China-related agreements. Hope Fading for New Boeing Deal During US-China Summit

About Boeing

The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.

Boeing’s commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.