Boeing (NYSE:BA) Given New $200.00 Price Target at JPMorgan Chase & Co.

Boeing (NYSE:BA) had its price objective upped by JPMorgan Chase & Co. from $190.00 to $200.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the aircraft producer’s stock.

A number of other research firms have also recently commented on BA. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday. Robert W. Baird reduced their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. TD Cowen reduced their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, UBS Group boosted their target price on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Stock Performance

Boeing stock opened at $176.26 on Wednesday. Boeing has a fifty-two week low of $137.03 and a fifty-two week high of $214.63. The stock has a market cap of $108.96 billion, a P/E ratio of -9.62 and a beta of 1.52. The firm’s fifty day moving average price is $168.96 and its 200-day moving average price is $164.37.

Boeing (NYSE:BA) last announced its 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) earnings per share. Sell-side analysts predict that Boeing will post -1.61 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new stake in shares of Boeing during the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new stake in Boeing during the 4th quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the 4th quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 90 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

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.