Brokerages Set The Boeing Company (NYSE:BA) Price Target at $198.95

The Boeing Company (NYSE:BA) has earned an average rating of “Moderate Buy” from the twenty-three analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, fourteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $198.95.

BA has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Melius raised Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Melius Research set a $204.00 price objective on Boeing in a research note on Monday, March 24th. StockNews.com upgraded Boeing to a “sell” rating in a report on Saturday, April 5th. Finally, UBS Group lifted 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.

Boeing Price Performance

Shares of Boeing stock opened at $161.84 on Friday. The stock has a market capitalization of $121.39 billion, a P/E ratio of -8.83 and a beta of 1.24. The business has a 50 day simple moving average of $166.41 and a two-hundred day simple moving average of $164.21. Boeing has a 12 month low of $128.88 and a 12 month high of $196.95.

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

Insider Activity

In related 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 value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BA. Sierra Ocean LLC purchased a new position in shares of Boeing in the 4th quarter valued at $26,000. American National Bank & Trust boosted its position in shares of Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after purchasing an additional 128 shares during the period. Sugar Maple Asset Management LLC purchased a new position in Boeing during the 4th quarter worth approximately $27,000. Fiduciary Advisors Inc. purchased a new stake in Boeing in the fourth quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC boosted its holdings in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares during the period. 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.