Boeing (NYSE:BA) Price Target Raised to $252.00 at Susquehanna

Boeing (NYSE:BA - Get Free Report) had its price target hoisted by investment analysts at Susquehanna from $240.00 to $252.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "positive" rating on the aircraft producer's stock. Susquehanna's price objective points to a potential upside of 11.17% from the company's current price.

A number of other equities analysts also recently commented on the company. Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. UBS Group increased their price objective on Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Cowen restated a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Jefferies Financial Group increased their price objective on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Royal Bank Of Canada restated a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $216.32.

Boeing Stock Performance

Shares of NYSE BA traded up $0.59 during mid-day trading on Wednesday, reaching $226.68. The company had a trading volume of 6,527,919 shares, compared to its average volume of 9,554,931. The stock has a fifty day moving average of $206.14 and a two-hundred day moving average of $182.98. The company has a market capitalization of $170.92 billion, a price-to-earnings ratio of -12.65 and a beta of 1.41. Boeing has a 12-month low of $128.88 and a 12-month high of $230.20.

Boeing (NYSE:BA - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $19.57 billion. Boeing's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the company earned ($1.13) earnings per share. Sell-side analysts forecast that Boeing will post -2.58 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, the executive vice president directly owned 20,513 shares of the company's stock, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction that occurred on 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 sale, the senior vice president directly owned 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On Boeing

Several hedge funds have recently modified their holdings of BA. Lantz Financial LLC lifted its position in shares of Boeing by 1.5% in the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer's stock worth $644,000 after purchasing an additional 46 shares during the period. Atlas Brown Inc. lifted its position in shares of Boeing by 0.7% in the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer's stock worth $1,362,000 after purchasing an additional 48 shares during the period. Moody National Bank Trust Division lifted its position in shares of Boeing by 2.7% in the 2nd quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer's stock worth $385,000 after purchasing an additional 48 shares during the period. Monetary Management Group Inc. lifted its position in shares of Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock valued at $34,000 after acquiring an additional 50 shares during the period. Finally, Anchor Investment Management LLC lifted its position in shares of Boeing by 0.9% during the 1st quarter. Anchor Investment Management LLC now owns 5,411 shares of the aircraft producer's stock valued at $923,000 after acquiring an additional 50 shares during the period. 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.