Analysts Set The Boeing Company (NYSE:BA) PT at $222.41

The Boeing Company (NYSE:BA) has been given a consensus recommendation of “Moderate Buy” by the twenty-two brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $222.41.

Several analysts recently commented on the stock. Melius Research restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. TD Cowen lowered their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft cut their price objective on Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. reduced their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, The Goldman Sachs Group cut their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th.

Boeing Price Performance

BA stock opened at $179.79 on Friday. The firm has a market capitalization of $110.37 billion, a P/E ratio of -50.64 and a beta of 1.54. Boeing has a 52-week low of $159.70 and a 52-week high of $267.54. The company’s 50 day simple moving average is $183.74 and its 200-day simple moving average is $206.20.

Institutional Trading of Boeing

Several hedge funds have recently modified their holdings of the company. Strategic Blueprint LLC increased its position in Boeing by 8.7% in the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after acquiring an additional 264 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Boeing by 41.5% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after purchasing an additional 4,622 shares during the last quarter. Orca Investment Management LLC increased its holdings in shares of Boeing by 5.5% in the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after purchasing an additional 195 shares in the last quarter. One Charles Private Wealth Services LLC bought a new position in Boeing in the 4th quarter worth approximately $205,000. Finally, Morse Asset Management Inc lifted its holdings in Boeing by 65.0% during the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock worth $1,533,000 after buying an additional 3,152 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.