Brokerages Set The Boeing Company (NYSE:BA) Target Price at $230.77

Shares of The Boeing Company (NYSE:BA) have been given an average recommendation of “Moderate Buy” by the twenty-six research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, eighteen have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $230.7727.

A number of analysts have recently issued reports on BA shares. Redburn Atlantic upgraded Boeing from a “hold” rating to a “strong-buy” rating and increased their target price for the company from $180.00 to $275.00 in a report on Friday, June 27th. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and increased their target price for the company from $242.00 to $270.00 in a report on Monday, September 8th. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Finally, Jefferies Financial Group boosted their price target on shares of Boeing from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 4th.

Boeing Stock Up 0.0%

Shares of NYSE BA opened at $215.67 on Monday. The stock has a market capitalization of $163.08 billion, a price-to-earnings ratio of -13.06 and a beta of 1.48. The stock’s fifty day simple moving average is $227.97 and its 200 day simple moving average is $200.77. Boeing has a 52-week low of $128.88 and a 52-week high of $242.69.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($2.90) EPS. As a group, analysts anticipate that Boeing will post -2.58 earnings per share for the current year.

Insider Buying and Selling at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president directly owned 35,873 shares in the company, valued at $8,248,637.62. The trade was a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The shares were bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BA. Zimmer Partners LP bought a new position in shares of Boeing during the 4th quarter valued at $393,736,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Boeing during the 2nd quarter worth $378,459,000. Vanguard Group Inc. boosted its holdings in shares of Boeing by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock worth $11,197,468,000 after buying an additional 1,212,327 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Boeing by 19,333.1% during the 1st quarter. GAMMA Investing LLC now owns 997,888 shares of the aircraft producer’s stock worth $170,190,000 after buying an additional 992,753 shares during the period. Finally, Amundi boosted its holdings in shares of Boeing by 75.5% during the 2nd quarter. Amundi now owns 1,776,634 shares of the aircraft producer’s stock worth $376,700,000 after buying an additional 764,236 shares during the period. 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.