Brokerages Set The Boeing Company (NYSE:BA) PT at $195.68

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

Several equities research analysts have recently issued reports on BA shares. Melius raised Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. StockNews.com raised Boeing to a “sell” rating in a research report on Wednesday, March 12th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Citigroup boosted their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd.

Boeing Stock Performance

BA opened at $172.98 on Monday. The firm has a market cap of $129.74 billion, a P/E ratio of -9.44 and a beta of 1.53. The business has a 50 day moving average price of $173.98 and a 200 day moving average price of $164.22. Boeing has a twelve month low of $137.03 and a twelve month high of $196.95.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 business posted ($0.47) EPS. As a group, analysts anticipate that Boeing will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The stock was 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 in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Sierra Ocean LLC acquired a new stake in Boeing in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing in the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. acquired a new position in Boeing during the 4th quarter worth $28,000. Finally, HighMark Wealth Management LLC boosted its position in Boeing by 121.6% in the 4th 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. 64.82% of the stock is owned by institutional investors.

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.