The Boeing Company (NYSE:BA) Receives $195.68 Consensus Target Price from Analysts

The Boeing Company (NYSE:BA) has earned an average rating of “Moderate Buy” from the twenty-three research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, fourteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $195.68.

Several equities analysts recently weighed in on BA shares. JPMorgan Chase & Co. raised their target price 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. Citigroup upped their target price on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. UBS Group raised their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th.

Boeing Price Performance

NYSE:BA opened at $172.98 on Monday. The stock has a market capitalization of $129.74 billion, a PE ratio of -9.44 and a beta of 1.53. Boeing has a fifty-two week low of $137.03 and a fifty-two week high of $196.95. The business’s 50-day simple moving average is $173.98 and its 200-day simple moving average is $164.17.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the business posted ($0.47) EPS. On average, research analysts expect that Boeing will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares of the company’s stock, 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 filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Boeing

Several hedge funds have recently modified their holdings of BA. Pacer Advisors Inc. lifted its holdings in shares of Boeing by 5.1% during the third quarter. Pacer Advisors Inc. now owns 43,398 shares of the aircraft producer’s stock worth $6,598,000 after purchasing an additional 2,111 shares during the period. Cerity Partners LLC lifted its holdings in Boeing by 6.6% during the 3rd quarter. Cerity Partners LLC now owns 112,288 shares of the aircraft producer’s stock worth $17,072,000 after buying an additional 6,962 shares during the period. Penserra Capital Management LLC grew its position in shares of Boeing by 17.5% in the 3rd quarter. Penserra Capital Management LLC now owns 4,856 shares of the aircraft producer’s stock valued at $738,000 after buying an additional 724 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Boeing by 10.8% in the third quarter. Larson Financial Group LLC now owns 16,324 shares of the aircraft producer’s stock valued at $2,482,000 after buying an additional 1,589 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Boeing by 5.7% during the third quarter. Daiwa Securities Group Inc. now owns 148,852 shares of the aircraft producer’s stock worth $22,631,000 after acquiring an additional 8,085 shares during the last quarter. Institutional investors and hedge funds 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.