The Boeing Company (NYSE: BA) receives consensus rating of moderate buy from analysts

Shares of The Boeing Company have earned an average rating of “Moderate Buy” from 25 research firms covering the stock, according to Marketbeat.com. Two analysts rate the shares as sell, five as hold, 16 as buy, and two as strong buy. The average 12-month target price among brokerages that issued ratings over the past year is $252.4762.

Analyst actions and price targets

Jefferies Financial Group restated a “buy” rating on Boeing in a report dated March 4. Citigroup cut its price target from $290.00 to $256.00 while keeping a “buy” rating. Tigress Financial raised its price objective from $275.00 to $290.00 and maintained a “buy” rating. Morgan Stanley set a $245.00 price objective. Goldman Sachs reaffirmed a “buy” rating in a research note dated December 9.

Boeing stock performance and key financial metrics

Boeing shares opened at $208.42 on Friday. The stock’s 12-month low is $128.88 and its 12-month high is $254.35. The company has a quick ratio of 0.40, a current ratio of 1.19, and a debt-to-equity ratio of 8.37. Boeing’s market capitalization is $163.68 billion, with a P/E ratio of 103.69 and a beta of 1.13. The 50-day moving average is $224.03 and the 200-day moving average is $216.47.

Latest earnings update

Boeing last reported quarterly results on January 27. The aircraft producer posted EPS of $9.92 for the quarter, exceeding analysts’ consensus estimate of ($0.40) by $10.32. Revenue was $23.95 billion, compared with analyst estimates of $22.41 billion. Revenue increased 57.1% year over year. In the prior-year quarter, Boeing reported EPS of ($5.90). Analysts forecast Boeing will post -2.58 EPS for the current year.

Insider activity

In insider transactions, EVP Howard E. Mckenzie sold 10,497 shares on February 5 at an average price of $233.99, for total proceeds of $2,456,193.03. After the sale, he owned 14,692 shares, valued at $3,437,781.08, representing a 41.67% decrease in his position.

SVP Ann M. Schmidt sold 6,281 shares on February 17 at an average price of $243.37, for total proceeds of $1,528,606.97. After the sale, she owned 13,978 shares, valued at $3,401,825.86, representing a 31.00% decrease in her position.

Over the last quarter, insiders sold 21,012 shares worth $4,980,687. Corporate insiders own 0.10% of the company’s stock.

Institutional investors’ positioning

Several institutional investors adjusted their holdings of Boeing. SteelPeak Wealth LLC increased its stake by 50.4% in the third quarter, owning 26,360 shares valued at $5,689,000 after adding 8,833 shares. Patton Fund Management Inc. grew its stake by 734.4%, owning 10,322 shares worth $2,228,000 after adding 9,085 shares. Fisher Asset Management LLC increased its stake by 3.3%, owning 5,505,040 shares worth $1,188,153,000 after adding 177,597 shares.

Russell Investments Group Ltd. raised its holdings by 41.1% to 223,824 shares valued at $48,316,000 after purchasing 65,216 shares. Farther Finance Advisors LLC lifted its position by 47.7% to 18,477 shares worth $3,988,000 after buying 5,966 shares. Institutional investors own 64.82% of Boeing’s stock.

News flow impacting Boeing

• Positive: A large Pentagon framework to ramp Patriot PAC-3 seeker production is expected to boost Boeing’s defense revenue and cash flow over a multi-year term.
• Positive: Wells Fargo initiated coverage with an “overweight”/strong-buy view and a $250 price target.
• Positive: Boeing-built Space Launch System core stage powered the crewed Artemis II mission, highlighted as a high-visibility win for Boeing’s aerospace franchise.
• Positive: 21 Air is targeting larger Boeing 777 freighters to expand long-haul cargo capacity.
• Neutral: Citigroup trimmed its price target from $290 to $256 while maintaining a “buy” stance.
• Neutral: BNP Paribas said Boeing’s supply chain shows early stabilization even as 737 output still trails targets.
• Negative: Safety and quality issues remain an overhang, with coverage citing recurring incidents and certification delays.
• Negative: Supplier bottlenecks were cited, including slower Spirit AeroSystems fuselage rail deliveries to Boeing in March.

Company overview

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company relocated its corporate headquarters to Arlington, Virginia in 2022. Boeing operates as an integrated aerospace and defense contractor with engineering, manufacturing and service operations across the United States and internationally.

Boeing’s principal business segments include Commercial Airplanes; Defense, Space & Security; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.