Boeing (NYSE:BA) Price Target Raised to $230.00 at Royal Bank of Canada

Boeing (NYSE:BA - Get Free Report) had its price target increased by Royal Bank of Canada from $200.00 to $230.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the aircraft producer's stock. Royal Bank of Canada's price target would indicate a potential upside of 6.84% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the company. Susquehanna reaffirmed a "positive" rating and issued a $240.00 price target (up previously from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $181.00 to $218.00 in a report on Monday, April 28th. UBS Group upped their price target on Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Cowen reaffirmed a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.35.

Boeing Stock Up 2.1%

BA traded up $4.48 during trading on Monday, hitting $215.28. The company's stock had a trading volume of 2,360,718 shares, compared to its average volume of 9,214,174. Boeing has a one year low of $128.88 and a one year high of $216.72. The business's 50 day simple moving average is $182.59 and its 200-day simple moving average is $175.06. The firm has a market cap of $162.32 billion, a PE ratio of -11.76 and a beta of 1.43.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. The business's quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.13) EPS. Equities research analysts expect that Boeing will post -2.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president now owns 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the company'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 completion of the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock valued at $1,511,370 in the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Boeing

A number of institutional investors have recently made changes to their positions in BA. Sierra Ocean LLC bought a new stake in Boeing during the 4th quarter valued at approximately $26,000. American National Bank & Trust lifted its stake in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after buying an additional 128 shares in the last quarter. HighMark Wealth Management LLC lifted its position in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after acquiring an additional 90 shares in the last quarter. REAP Financial Group LLC lifted its holdings in shares of Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Finally, Anfield Capital Management LLC boosted its holdings in shares of Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other 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.

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