Brokerages Set The Boeing Company (NYSE:BA) Target Price at $229.50

Shares of The Boeing Company (NYSE:BAGet Rating) have received a consensus recommendation of “Hold” from the twenty-three analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $229.50.

Several brokerages have issued reports on BA. Robert W. Baird dropped their target price on Boeing from $306.00 to $245.00 in a research report on Thursday, April 28th. Sanford C. Bernstein dropped their target price on Boeing from $239.00 to $216.00 in a research report on Thursday, April 28th. Citigroup lowered their price target on Boeing from $240.00 to $238.00 in a report on Thursday, January 20th. Susquehanna lowered their price target on Boeing from $243.00 to $193.00 in a report on Thursday, April 28th. Finally, JPMorgan Chase & Co. lowered their price target on Boeing from $235.00 to $190.00 in a report on Thursday, April 28th.

In related news, Director Lawrence W. Kellner acquired 5,000 shares of the company’s stock in a transaction dated Monday, February 14th. The shares were purchased at an average cost of $208.91 per share, with a total value of $1,044,550.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. SVB Wealth LLC boosted its stake in shares of Boeing by 0.5% during the 1st quarter. SVB Wealth LLC now owns 21,704 shares of the aircraft producer’s stock worth $4,157,000 after acquiring an additional 113 shares in the last quarter. Lavaca Capital LLC boosted its stake in shares of Boeing by 42.6% during the 1st quarter. Lavaca Capital LLC now owns 9,700 shares of the aircraft producer’s stock worth $1,858,000 after acquiring an additional 2,900 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Boeing during the 1st quarter worth about $135,429,000. Certified Advisory Corp boosted its stake in shares of Boeing by 4.4% during the 1st quarter. Certified Advisory Corp now owns 5,025 shares of the aircraft producer’s stock worth $962,000 after acquiring an additional 211 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its stake in shares of Boeing by 46.4% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 17,139 shares of the aircraft producer’s stock worth $2,111,000 after acquiring an additional 5,435 shares in the last quarter. 53.96% of the stock is currently owned by institutional investors.

BA traded up $4.06 on Monday, hitting $127.20. The company had a trading volume of 20,850,964 shares, compared to its average volume of 10,109,236. Boeing has a 12-month low of $120.28 and a 12-month high of $258.40. The business’s fifty day simple moving average is $172.87 and its 200 day simple moving average is $195.54. The company has a market cap of $75.26 billion, a PE ratio of -15.38, a PEG ratio of 84.75 and a beta of 1.47.

Boeing (NYSE:BAGet Rating) last announced its earnings results on Wednesday, April 27th. The aircraft producer reported ($2.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($2.48). The business had revenue of $13.99 billion during the quarter, compared to analyst estimates of $15.90 billion. During the same period in the previous year, the business earned ($1.53) EPS. Boeing’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, sell-side analysts anticipate that Boeing will post -0.12 EPS for the current year.

About Boeing (Get Rating)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Analyst Recommendations for Boeing (NYSE:BA)

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