Boeing (NYSE:BA) PT Set at $275.00 by Royal Bank of Canada

Royal Bank of Canada set a $275.00 price objective on Boeing (NYSE:BA) in a research note published on Tuesday, Borsen Zeitung reports.

Other equities analysts have also issued reports about the company. Bank of America reduced their price objective on Boeing from $245.00 to $220.00 and set a neutral rating for the company in a report on Monday, December 20th. Morgan Stanley reissued a buy rating and set a $274.00 price objective on shares of Boeing in a report on Friday, October 15th. Susquehanna cut their price target on Boeing from $300.00 to $267.00 and set a positive rating for the company in a report on Thursday, October 28th. Sanford C. Bernstein cut their price target on Boeing from $279.00 to $269.00 and set an outperform rating for the company in a report on Wednesday, October 20th. Finally, The Goldman Sachs Group set a $305.00 price target on Boeing in a report on Wednesday, December 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of Buy and an average target price of $265.70.

Shares of NYSE BA opened at $225.96 on Tuesday. The stock has a fifty day simple moving average of $208.67 and a two-hundred day simple moving average of $217.32. Boeing has a 1-year low of $185.26 and a 1-year high of $278.57.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, October 26th. The aircraft producer reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.40). The business had revenue of $15.28 billion during the quarter, compared to analyst estimates of $16.27 billion. During the same period last year, the business posted ($1.39) earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts anticipate that Boeing will post -1.69 earnings per share for the current year.

In other Boeing news, SVP Edward Lee Dandridge sold 990 shares of the firm’s stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $221.87, for a total transaction of $219,651.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Spire Wealth Management raised its position in Boeing by 15.8% during the fourth quarter. Spire Wealth Management now owns 25,122 shares of the aircraft producer’s stock valued at $5,058,000 after purchasing an additional 3,429 shares in the last quarter. First Financial Corp IN raised its position in Boeing by 8.9% during the fourth quarter. First Financial Corp IN now owns 3,896 shares of the aircraft producer’s stock valued at $784,000 after purchasing an additional 317 shares in the last quarter. Acropolis Investment Management LLC raised its position in Boeing by 7.8% during the fourth quarter. Acropolis Investment Management LLC now owns 3,808 shares of the aircraft producer’s stock valued at $767,000 after purchasing an additional 277 shares in the last quarter. Edge Wealth Management LLC grew its stake in shares of Boeing by 11.5% during the fourth quarter. Edge Wealth Management LLC now owns 5,817 shares of the aircraft producer’s stock valued at $1,171,000 after buying an additional 600 shares during the last quarter. Finally, White Knight Strategic Wealth Advisors LLC bought a new position in shares of Boeing during the fourth quarter valued at about $205,000. Institutional investors and hedge funds own 52.86% of the company’s stock.

Boeing Company Profile

The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.

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