Boeing (NYSE:BA) Given New $200.00 Price Target at JPMorgan Chase & Co.

Boeing (NYSE:BA) had its price objective upped by investment analysts at JPMorgan Chase & Co. from $190.00 to $200.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the aircraft producer’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 14.92% from the stock’s previous close.

A number of other research analysts have also recently commented on BA. Benchmark reiterated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. UBS Group upped their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen decreased their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Stock Down 2.1 %

Shares of NYSE:BA traded down $3.75 during trading on Wednesday, reaching $174.03. 12,234,076 shares of the company’s stock traded hands, compared to its average volume of 8,997,296. Boeing has a fifty-two week low of $137.03 and a fifty-two week high of $214.63. The firm has a market cap of $107.58 billion, a PE ratio of -13.49 and a beta of 1.52. The company has a 50-day simple moving average of $167.68 and a 200-day simple moving average of $164.19.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the business posted ($0.47) earnings per share. On average, equities research analysts forecast that Boeing will post -16.39 EPS for the current year.

Institutional Investors Weigh In On Boeing

A number of hedge funds have recently added to or reduced their stakes in BA. Sugar Maple Asset Management LLC purchased a new position in Boeing in the fourth quarter valued at about $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing in the third quarter valued at about $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the fourth quarter valued at about $28,000. Cedar Wealth Management LLC purchased a new position in Boeing in the third quarter valued at about $30,000. Finally, Heck Capital Advisors LLC purchased a new position in Boeing in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

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.