Boeing (NYSE:BA) Given a $255.00 Price Target by Barclays Analysts

Boeing (NYSE:BA) has been assigned a $255.00 target price by equities research analysts at Barclays in a research note issued on Tuesday, Marketbeat reports. The firm currently has an “overweight” rating on the aircraft producer’s stock. Barclays‘s price objective suggests a potential upside of 14.93% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target on the stock in a report on Friday, June 27th. Jefferies Financial Group lifted their price objective on shares of Boeing from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Citigroup reiterated a “buy” rating on shares of Boeing in a research note on Monday. Benchmark decreased their price objective on shares of Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, April 21st. Finally, Royal Bank Of Canada reiterated a “cautious” rating on shares of Boeing in a research report on Thursday, June 12th. Three analysts have rated the stock with a sell rating, three have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.73.

Boeing Stock Down 1.8%

BA stock traded down $3.97 during trading on Tuesday, hitting $221.87. 7,765,604 shares of the company’s stock traded hands, compared to its average volume of 8,628,636. The firm has a market capitalization of $167.29 billion, a P/E ratio of -13.44 and a beta of 1.41. The business has a fifty day simple moving average of $214.47 and a two-hundred day simple moving average of $187.94. Boeing has a 1 year low of $128.88 and a 1 year high of $242.69.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same quarter in the prior year, the company earned ($2.90) earnings per share. The company’s revenue was up 34.9% on a year-over-year basis. On average, equities research analysts predict that Boeing will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the transaction, the executive vice president directly owned 20,513 shares of the company’s stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,744 shares of company stock valued at $1,511,370. Company insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Boeing

Hedge funds have recently made changes to their positions in the stock. Harbor Asset Planning Inc. acquired a new stake in Boeing during the 2nd quarter worth approximately $25,000. Piscataqua Savings Bank lifted its holdings in Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after buying an additional 137 shares in the last quarter. American National Bank & Trust raised its holdings in shares of Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. REAP Financial Group LLC raised its holdings in shares of Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Finally, Dogwood Wealth Management LLC raised its holdings in shares of Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

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.