UBS Group Issues Positive Forecast for Boeing (NYSE:BA) Stock Price

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

Several other analysts also recently issued reports on BA. Melius Research set a $204.00 price objective on shares of Boeing in a report on Monday, March 24th. Susquehanna lifted their target price on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. StockNews.com upgraded Boeing to a "sell" rating in a research report on Thursday, April 24th. Benchmark lowered their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $201.85.

Boeing Stock Performance

Shares of NYSE:BA traded up $5.30 during trading hours on Friday, hitting $203.83. 4,549,390 shares of the company's stock traded hands, compared to its average volume of 9,082,309. The company's fifty day simple moving average is $167.71 and its two-hundred day simple moving average is $167.30. The company has a market cap of $153.69 billion, a price-to-earnings ratio of -11.13 and a beta of 1.41. Boeing has a 52 week low of $128.88 and a 52 week high of $204.92.

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

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. The trade was a 14.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.

Institutional Investors Weigh In On Boeing

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management UK Ltd. boosted its position in shares of Boeing by 5.6% in the 1st quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 19,000 shares of the aircraft producer's stock worth $3,240,000 after purchasing an additional 1,000 shares during the last quarter. Heck Capital Advisors LLC lifted its holdings in Boeing by 617.6% during the 1st quarter. Heck Capital Advisors LLC now owns 1,349 shares of the aircraft producer's stock valued at $230,000 after purchasing an additional 1,161 shares during the last quarter. William B. Walkup & Associates Inc. boosted its stake in Boeing by 7.7% in the 1st quarter. William B. Walkup & Associates Inc. now owns 946 shares of the aircraft producer's stock valued at $161,000 after purchasing an additional 68 shares during the period. E Fund Management Co. Ltd. boosted its stake in shares of Boeing by 7.2% in the first quarter. E Fund Management Co. Ltd. now owns 1,944 shares of the aircraft producer's stock valued at $332,000 after buying an additional 131 shares during the period. Finally, Financial Network Wealth Advisors LLC increased its position in shares of Boeing by 20.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 456 shares of the aircraft producer's stock worth $78,000 after purchasing an additional 76 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

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.