Boeing Company (The) (BA) Price Target Raised to $245.00

Boeing Company (The) (NYSE:BA) had its price objective increased by Canaccord Genuity from $235.00 to $245.00 in a report issued on Wednesday, October 18th. The firm currently has a hold rating on the aircraft producer’s stock.

BA has been the subject of several other reports. Vetr downgraded Boeing Company (The) from a hold rating to a sell rating and set a $223.75 price objective for the company. in a report on Wednesday, July 26th. Zacks Investment Research downgraded Boeing Company (The) from a buy rating to a hold rating in a report on Thursday, July 13th. ValuEngine upgraded Boeing Company (The) from a hold rating to a buy rating in a report on Friday, September 1st. Credit Suisse Group upgraded shares of Boeing Company (The) from a neutral rating to an outperform rating and boosted their target price for the stock from $200.00 to $300.00 in a report on Thursday, July 27th. Finally, UBS AG boosted their target price on shares of Boeing Company (The) from $180.00 to $253.00 and gave the stock a neutral rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $251.40.



Shares of Boeing Company (NYSE BA) traded down 0.78% on Wednesday, hitting $257.25. 1,467,722 shares of the company’s stock were exchanged. The firm has a market cap of $152.06 billion, a P/E ratio of 22.54 and a beta of 1.21. The stock’s 50 day moving average is $254.15 and its 200 day moving average is $217.28. Boeing Company has a 12 month low of $138.80 and a 12 month high of $267.21.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.65 by $0.07. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The company had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. During the same period in the previous year, the firm earned $3.51 earnings per share. Boeing Company (The)’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts predict that Boeing Company will post $10.06 earnings per share for the current year.

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In related news, Chairman Dennis A. Muilenburg sold 56,838 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the completion of the transaction, the chairman now directly owns 127,778 shares in the company, valued at approximately $31,108,831.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Thomas J. Downey sold 134 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,468 shares of company stock valued at $20,353,814. Company insiders own 0.28% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. 1ST Source Bank boosted its holdings in Boeing Company (The) by 16.0% during the 3rd quarter. 1ST Source Bank now owns 12,524 shares of the aircraft producer’s stock valued at $3,183,000 after acquiring an additional 1,727 shares during the period. Sitrin Capital Management LLC purchased a new position in Boeing Company (The) during the 3rd quarter valued at about $6,202,000. Vicus Capital boosted its holdings in Boeing Company (The) by 38.9% during the 3rd quarter. Vicus Capital now owns 2,508 shares of the aircraft producer’s stock valued at $638,000 after acquiring an additional 703 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Boeing Company (The) during the 3rd quarter valued at about $6,821,000. Finally, Hudock Capital Group LLC boosted its holdings in Boeing Company (The) by 3.3% during the 3rd quarter. Hudock Capital Group LLC now owns 8,950 shares of the aircraft producer’s stock valued at $2,275,000 after acquiring an additional 286 shares during the period. Institutional investors own 72.05% of the company’s stock.

Boeing Company (The) Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

Analyst Recommendations for Boeing Company (The) (NYSE:BA)

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