Brokerages Set The Boeing Company (NYSE:BA) PT at $222.41

The Boeing Company (NYSE:BA) has been assigned a consensus rating of “Moderate Buy” from the twenty-two analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $222.41.

BA has been the subject of a number of recent analyst reports. Sanford C. Bernstein decreased their target price on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. The Goldman Sachs Group decreased their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Citigroup dropped their target price on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Royal Bank of Canada decreased their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Finally, Barclays dropped their price target on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 22nd.

Hedge Funds Weigh In On Boeing

Large investors have recently made changes to their positions in the business. Trust Co. of Vermont grew its holdings in Boeing by 1.0% during the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after buying an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC increased its holdings in Boeing by 2.7% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after acquiring an additional 47 shares during the last quarter. WealthPlan Investment Management LLC lifted its stake in Boeing by 1.0% in the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after purchasing an additional 49 shares in the last quarter. RB Capital Management LLC boosted its holdings in shares of Boeing by 2.7% during the 3rd quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after purchasing an additional 50 shares during the last quarter. Finally, M&R Capital Management Inc. grew its position in shares of Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 50 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

BA stock opened at $181.29 on Friday. The stock has a market capitalization of $111.29 billion, a P/E ratio of -51.06 and a beta of 1.54. Boeing has a 1-year low of $159.70 and a 1-year high of $267.54. The business has a fifty day moving average price of $182.26 and a 200-day moving average price of $205.96.

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.