Boeing (NYSE:BA) Price Target Raised to $113.00

Boeing (NYSE:BA) had its price objective hoisted by stock analysts at Wells Fargo & Company from $103.00 to $113.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “underweight” rating on the aircraft producer’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 29.66% from the company’s current price.

Several other analysts have also recently issued reports on the company. Citigroup increased their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Susquehanna boosted their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Finally, UBS Group increased their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.68.

Boeing Price Performance

Shares of NYSE:BA traded down $1.16 during trading on Monday, hitting $160.65. The company’s stock had a trading volume of 993,437 shares, compared to its average volume of 8,592,300. The firm has a market cap of $120.50 billion, a price-to-earnings ratio of -8.76 and a beta of 1.53. Boeing has a 12 month low of $137.03 and a 12 month high of $196.95. The company has a 50-day moving average of $173.23 and a 200-day moving average of $163.57.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) EPS. As a group, research analysts anticipate that Boeing will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by insiders.

Institutional Trading of Boeing

Several large investors have recently added to or reduced their stakes in BA. Centaurus Financial Inc. boosted its holdings in shares of Boeing by 7.4% in the 4th quarter. Centaurus Financial Inc. now owns 13,291 shares of the aircraft producer’s stock valued at $2,352,000 after acquiring an additional 915 shares during the last quarter. Campbell Deegan Wealth Management LLC acquired a new position in Boeing during the fourth quarter valued at $202,000. Lighthouse Financial LLC purchased a new stake in Boeing in the fourth quarter valued at $278,000. Capstone Triton Financial Group LLC acquired a new stake in Boeing during the 4th quarter worth about $212,000. Finally, Mattson Financial Services LLC purchased a new position in shares of Boeing during the 4th quarter valued at about $451,000. 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.