Boeing (NYSE:BA) Stock Price Expected to Rise, UBS Group Analyst Says

Boeing (NYSE:BA) had its price target lifted by UBS Group from $208.00 to $217.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the aircraft producer’s stock.

A number of other equities research analysts have also recently commented on the stock. Susquehanna lowered their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company boosted their price objective on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday. Citigroup dropped their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Finally, DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Trading Down 2.1 %

BA stock opened at $174.03 on Wednesday. The company has a market capitalization of $107.58 billion, a PE ratio of -13.49 and a beta of 1.52. Boeing has a 12-month low of $137.03 and a 12-month high of $214.63. The business’s fifty day moving average price is $167.68 and its 200 day moving average price is $164.19.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm posted ($0.47) EPS. Research analysts predict that Boeing will post -16.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the fourth quarter valued at about $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing during the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the fourth quarter valued at approximately $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing during the third quarter valued at approximately $30,000. Finally, Heck Capital Advisors LLC bought a new stake in Boeing during the fourth quarter worth $33,000. 64.82% of the stock is owned by institutional investors.

About Boeing

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.