Boeing (NYSE:BA) Price Target Raised to $207.00 at UBS Group

Boeing (NYSE:BA - Free Report) had its price target boosted by UBS Group from $190.00 to $207.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the aircraft producer's stock.

Other research analysts have also issued reports about the stock. Susquehanna upped their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. TD Securities reissued a "buy" rating and issued a $180.00 target price on shares of Boeing in a report on Thursday. Benchmark lowered their target price on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Citigroup restated an "overweight" rating on shares of Boeing in a research note on Wednesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Boeing has an average rating of "Moderate Buy" and a consensus price target of $200.90.

Boeing Stock Up 2.4 %

Boeing stock traded up $4.28 during trading hours on Thursday, hitting $182.23. The stock had a trading volume of 9,287,109 shares, compared to its average volume of 9,060,309. The business's 50 day simple moving average is $164.87 and its 200-day simple moving average is $164.82. The stock has a market cap of $137.40 billion, a price-to-earnings ratio of -9.95 and a beta of 1.24. Boeing has a one year low of $128.88 and a one year high of $196.95.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same quarter in the prior year, the company earned ($1.13) EPS. The company's revenue was up 17.7% on a year-over-year basis. Research analysts anticipate that Boeing will post -2.58 EPS for the current fiscal year.

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company's stock.

Hedge Funds Weigh In On Boeing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Boeing by 24.4% in the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC raised its holdings in Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after buying an additional 3,452,075 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Boeing during the 4th quarter worth $568,000. Alyeska Investment Group L.P. bought a new position in Boeing in the 4th quarter worth approximately $526,889,000. Finally, Zimmer Partners LP acquired a new position in shares of Boeing during the fourth quarter valued at about $393,736,000. 64.82% of the stock is owned by institutional investors.

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.