The Boeing Company (NYSE:BA) Receives $195.16 Consensus Target Price from Brokerages

Shares of The Boeing Company (NYSE:BA) have been given an average rating of “Moderate Buy” by the twenty-three brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $195.16.

Several equities analysts have issued reports on the stock. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Citigroup increased their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Susquehanna increased their target price on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sierra Ocean LLC purchased a new position in shares of Boeing in the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing in the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the fourth quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC lifted its stake in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.6 %

BA opened at $174.84 on Thursday. The company has a market cap of $131.14 billion, a price-to-earnings ratio of -9.54 and a beta of 1.52. Boeing has a 52-week low of $137.03 and a 52-week high of $206.62. The firm’s fifty day simple moving average is $176.87 and its two-hundred day simple moving average is $164.71.

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

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.