Analysts Set The Boeing Company (NYSE:BA) Target Price at $252.48

The Boeing Company (NYSE:BAGet Free Report) has earned an average recommendation of “Moderate Buy” from the twenty-five brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $252.4762.

A number of research firms have commented on BA. Royal Bank Of Canada increased their target price on Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a report on Wednesday, January 28th. Morgan Stanley set a $245.00 target price on Boeing in a report on Wednesday, January 28th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Finally, Wells Fargo & Company began coverage on Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price on the stock.

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Insider Buying and Selling

In other news, SVP Ann M. Schmidt sold 6,281 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the sale, the senior vice president directly owned 13,978 shares in the company, valued at approximately $3,401,825.86. This represents a 31.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Uma M. Amuluru sold 1,503 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total value of $351,371.34. Following the sale, the executive vice president owned 19,015 shares in the company, valued at $4,445,326.70. The trade was a 7.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,012 shares of company stock valued at $4,980,687 over the last quarter. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Boeing

A number of institutional investors and hedge funds have recently made changes to their positions in BA. Old North State Trust LLC acquired a new stake in Boeing in the 4th quarter valued at approximately $258,000. J. Derek Lewis & Associates Inc. acquired a new stake in Boeing in the 4th quarter valued at approximately $1,037,000. Cornerstone Planning LLC acquired a new stake in Boeing in the 4th quarter valued at approximately $2,053,000. World Investment Advisors increased its position in Boeing by 21.2% in the 4th quarter. World Investment Advisors now owns 14,048 shares of the aircraft producer’s stock valued at $3,050,000 after acquiring an additional 2,461 shares during the period. Finally, Vericrest Private Wealth acquired a new stake in Boeing in the 4th quarter valued at approximately $213,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Key Boeing News

Here are the key news stories impacting Boeing this week:

Boeing Trading Down 1.1%

Shares of BA opened at $209.98 on Friday. The company has a market capitalization of $164.91 billion, a P/E ratio of 104.47 and a beta of 1.13. Boeing has a one year low of $137.40 and a one year high of $254.35. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The stock has a 50-day moving average price of $221.73 and a 200 day moving average price of $216.38.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The business had revenue of $23.95 billion during the quarter, compared to analysts’ expectations of $22.41 billion. The company’s revenue for the quarter was up 57.1% on a year-over-year basis. During the same period in the prior year, the company posted ($5.90) EPS. Sell-side analysts forecast that Boeing will post -2.58 EPS for the current fiscal year.

About Boeing

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Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

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Analyst Recommendations for Boeing (NYSE:BA)

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