The Boeing Company (NYSE:BA) Stock Has Consensus Target Price of $270.95

by · The Cerbat Gem

Shares of The Boeing Company (NYSE:BA – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $270.95.

BA has been the topic of several recent analyst reports. Barclays cut shares of Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. Bank of America restated a “buy” rating and issued a $270.00 target price on shares of Boeing in a research report on Friday, September 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. Argus raised Boeing from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. upped their target price on Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th.

View Our Latest Research Report on Boeing

Institutional Investors Weigh In On Boeing

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of Boeing by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock worth $3,679,592,000 after buying an additional 533,753 shares during the last quarter. Jupiter Topco LLC bought a new stake in Boeing in the 2nd quarter worth about $911,878,000. Janus Henderson Group PLC grew its stake in shares of Boeing by 43.1% in the fourth quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer’s stock worth $840,204,000 after acquiring an additional 1,176,074 shares during the period. Bank of New York Mellon Corp grew its position in Boeing by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 3,613,462 shares of the aircraft producer’s stock worth $784,555,000 after purchasing an additional 89,106 shares during the period. Finally, Legal & General Group Plc purchased a new stake in Boeing during the second quarter valued at $710,816,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA opened at $197.90 on Friday. The company’s 50 day moving average is $214.38 and its 200-day moving average is $217.23. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. Boeing has a 12-month low of $176.77 and a 12-month high of $254.35. The firm has a market cap of $156.41 billion, a P/E ratio of 85.67 and a beta of 1.21.

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

Boeing News Roundup

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

(Get Free Report)

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.

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