Analysts Set The Boeing Company (NYSE:BA) Target Price at $201.85

The Boeing Company (NYSE:BA) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $203.60.

A number of research analysts recently weighed in on BA shares. TD Securities reiterated a “buy” rating and issued a $180.00 price objective on shares of Boeing in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Sanford C. Bernstein upgraded shares of Boeing from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $181.00 to $218.00 in a research note on Monday, April 28th. Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. Finally, Cowen reissued a “buy” rating on shares of Boeing in a report on Wednesday, May 7th.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,263 shares of company stock valued at $1,950,150. Insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Boeing

Several hedge funds have recently bought and sold shares of BA. Sierra Ocean LLC bought a new stake in Boeing during the fourth quarter worth about $26,000. American National Bank & Trust boosted its stake in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after acquiring an additional 128 shares in the last quarter. Sugar Maple Asset Management LLC bought a new stake in Boeing during the fourth quarter worth about $27,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the fourth quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC grew its holdings in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.7%

Shares of BA stock opened at $206.20 on Tuesday. The company has a 50 day moving average of $170.78 and a 200-day moving average of $168.18. Boeing has a 12-month low of $128.88 and a 12-month high of $209.66. The firm has a market cap of $155.48 billion, a P/E ratio of -11.26 and a beta of 1.41.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.57 billion. During the same quarter in the previous year, the business earned ($1.13) EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, equities analysts expect that Boeing will post -2.58 EPS for the current year.

Boeing Company Profile

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.