Brokerages Set The Boeing Company (NYSE:BA) Price Target at $222.41

The Boeing Company (NYSE:BA) has earned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $222.41.

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Citigroup lowered their price target on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Sanford C. Bernstein cut their price objective on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a report on Wednesday, April 17th. Finally, Edward Jones lowered Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th.

Institutional Investors Weigh In On Boeing

Large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its position in Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after buying an additional 4,425,964 shares during the period. Jennison Associates LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $960,397,000. Wellington Management Group LLP increased its stake in shares of Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after buying an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after buying an additional 1,884,850 shares during the period. Finally, Boston Partners grew its holdings in Boeing by 861.6% in the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock worth $467,338,000 after acquiring an additional 1,617,151 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

BA opened at $179.79 on Friday. The firm has a market cap of $110.37 billion, a P/E ratio of -50.64 and a beta of 1.54. Boeing has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The firm has a 50-day moving average of $183.74 and a 200 day moving average of $206.20.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.