Boeing (NYSE:BA) Price Target Raised to $226.00

Boeing (NYSE:BA - Free Report) had its price target lifted by UBS Group from $207.00 to $226.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the aircraft producer's stock.

Several other equities research analysts have also recently weighed in on BA. Susquehanna upped their target price on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Citigroup raised their price objective on Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $181.00 to $218.00 in a research note on Monday, April 28th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Finally, Wells Fargo & Company reiterated an "underweight" rating and set a $140.00 price objective (up from $111.00) on shares of Boeing in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $201.85.

Boeing Trading Up 1.5 %

Shares of NYSE:BA traded up $2.83 on Friday, reaching $194.53. 7,653,112 shares of the company's stock were exchanged, compared to its average volume of 9,097,826. Boeing has a twelve month low of $128.88 and a twelve month high of $196.95. The company has a fifty day moving average of $167.01 and a 200-day moving average of $166.91. The company has a market capitalization of $146.68 billion, a price-to-earnings ratio of -10.62 and a beta of 1.41.

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

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the sale, the executive vice president now owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This trade represents a 8.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Hedge Funds Weigh In On Boeing

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sierra Ocean LLC purchased a new position in Boeing in the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing in the 4th quarter worth approximately $27,000. American National Bank & Trust raised its stake in shares of Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after acquiring an additional 128 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in Boeing in the fourth quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC grew its holdings in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after purchasing an additional 90 shares during the last quarter. Institutional investors 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.