Boeing (NYSE:BA) Price Target Raised to $185.00 at Morgan Stanley

Boeing (NYSE:BA) had its price target upped by Morgan Stanley from $175.00 to $185.00 in a report published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the aircraft producer’s stock.

A number of other equities analysts have also weighed in on the stock. TD Securities restated a “buy” rating and issued a $180.00 price objective on shares of Boeing in a report on Thursday. Benchmark decreased their price target on Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a research note on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $198.45.

Boeing Trading Up 2.3 %

Boeing stock opened at $176.27 on Thursday. Boeing has a 12 month low of $128.88 and a 12 month high of $196.95. The company has a market capitalization of $132.22 billion, a price-to-earnings ratio of -9.62 and a beta of 1.24. The business’s fifty day simple moving average is $165.01 and its two-hundred day simple moving average is $164.43.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. On average, equities research analysts predict that Boeing will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction 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 sale, the executive vice president now directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock valued at $2,677,170,000 after buying an additional 3,452,075 shares during the last quarter. Northern Trust Corp raised its position in shares of Boeing by 33.6% during the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer’s stock valued at $1,151,316,000 after buying an additional 1,634,231 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Boeing by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer’s stock worth $890,469,000 after buying an additional 164,042 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock valued at $739,585,000 after acquiring an additional 981,796 shares in the last quarter. Institutional investors 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.