Boeing Company (The) (BA) Receives $241.10 Consensus Target Price from Brokerages

Shares of Boeing Company (The) (NYSE:BA) have earned an average rating of “Hold” from the twenty-seven research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $243.27.

A number of research firms recently commented on BA. Zacks Investment Research raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $289.00 price objective on the stock in a research note on Tuesday. Vetr raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price target on the stock in a research note on Monday, August 7th. Canaccord Genuity reissued a “hold” rating and issued a $235.00 price target on shares of Boeing Company (The) in a research note on Thursday, October 5th. Cowen and Company reissued a “buy” rating and issued a $315.00 price target on shares of Boeing Company (The) in a research note on Friday. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $274.00 price target on shares of Boeing Company (The) in a research note on Friday, August 11th.

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In other Boeing Company (The) news, Chairman Dennis A. Muilenburg sold 56,838 shares of Boeing Company (The) stock in a transaction that occurred on 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 sale, the chairman now directly owns 127,778 shares in the company, valued at approximately $31,108,831.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert E. Verbeck sold 2,522 shares of Boeing Company (The) stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $244.45, for a total value of $616,502.90. The disclosure for this sale can be found here. Insiders have sold a total of 83,468 shares of company stock worth $20,353,814 over the last 90 days. 0.28% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of BA. Waldron LP increased its holdings in Boeing Company (The) by 23.8% during the 1st quarter. Waldron LP now owns 2,051 shares of the aircraft producer’s stock worth $362,000 after purchasing an additional 394 shares during the last quarter. Braun Stacey Associates Inc. increased its holdings in Boeing Company (The) by 1,239.4% during the 1st quarter. Braun Stacey Associates Inc. now owns 57,460 shares of the aircraft producer’s stock worth $10,162,000 after purchasing an additional 53,170 shares during the last quarter. Scott & Selber Inc. purchased a new stake in Boeing Company (The) during the 1st quarter worth approximately $2,479,000. Schmidt P J Investment Management Inc. increased its holdings in Boeing Company (The) by 3.2% during the 1st quarter. Schmidt P J Investment Management Inc. now owns 11,233 shares of the aircraft producer’s stock worth $1,987,000 after purchasing an additional 352 shares during the last quarter. Finally, Smith Chas P & Associates PA Cpas grew its position in shares of Boeing Company (The) by 12.2% in the 1st quarter. Smith Chas P & Associates PA Cpas now owns 83,432 shares of the aircraft producer’s stock worth $14,756,000 after acquiring an additional 9,076 shares in the last quarter. Institutional investors own 72.17% of the company’s stock.

Shares of Boeing Company (NYSE BA) traded up 0.98% on Friday, hitting $260.93. 2,740,651 shares of the stock traded hands. The company has a market cap of $154.23 billion, a PE ratio of 22.86 and a beta of 1.21. The firm’s 50 day moving average is $247.54 and its 200-day moving average is $210.90. Boeing Company has a 12 month low of $131.39 and a 12 month high of $261.06.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.23. The business had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.44) earnings per share. Equities analysts predict that Boeing Company will post $10.02 earnings per share for the current year.

About Boeing Company (The)

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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