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

Shares of The Boeing Company (NYSE:BA) have received an average recommendation of “Moderate Buy” from the twenty-three research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, fourteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $195.68.

A number of brokerages recently issued reports on BA. StockNews.com raised Boeing to a “sell” rating in a report on Wednesday, March 12th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. 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. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd.

Boeing Stock Performance

BA stock opened at $172.98 on Monday. Boeing has a 1 year low of $137.03 and a 1 year high of $196.95. The stock has a market capitalization of $129.74 billion, a price-to-earnings ratio of -9.44 and a beta of 1.53. The stock’s fifty day moving average is $173.98 and its two-hundred day moving average is $164.22.

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 the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the company posted ($0.47) EPS. As a group, analysts predict 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 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 transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, 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. 0.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Boeing

Institutional investors have recently modified their holdings of the stock. Sierra Ocean LLC acquired a new stake in Boeing during the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the 3rd quarter valued at approximately $28,000. Fiduciary Advisors Inc. acquired a new position in Boeing in the fourth quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC raised its position in Boeing by 121.6% during 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 in the last quarter. Institutional investors and hedge funds 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.