The Boeing Company (NYSE:BA) Receives $220.89 Consensus Target Price from Brokerages

The Boeing Company (NYSE:BA) has earned a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $220.89.

Several equities analysts have recently issued reports on the company. Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. Sanford C. Bernstein decreased their price target on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Royal Bank of Canada reduced their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Finally, Baird R W upgraded Boeing to a “strong-buy” rating in a report on Monday, June 3rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BA. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Boeing in the fourth quarter worth $26,000. Evolution Advisers Inc. bought a new position in shares of Boeing during the 4th quarter valued at about $28,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Boeing during the fourth quarter valued at about $28,000. Vima LLC bought a new stake in shares of Boeing in the fourth quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. lifted its position in shares of Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after buying an additional 158 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Up 2.0 %

Shares of Boeing stock opened at $178.53 on Friday. The company’s fifty day simple moving average is $177.84 and its two-hundred day simple moving average is $199.49. Boeing has a 12-month low of $159.70 and a 12-month high of $267.54. The firm has a market cap of $109.60 billion, a PE ratio of -50.29 and a beta of 1.55.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. As a group, sell-side analysts expect that Boeing will post -1.67 earnings per share for the current fiscal year.

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.