Boeing (NYSE:BA) Given Buy Rating at The Goldman Sachs Group

Boeing (NYSE:BA - Get Free Report)'s stock had its "buy" rating restated by investment analysts at The Goldman Sachs Group in a research note issued to investors on Thursday,Benzinga reports. They presently have a $212.00 target price on the aircraft producer's stock. The Goldman Sachs Group's price target indicates a potential upside of 8.14% from the company's current price.

BA has been the subject of a number of other research reports. Morgan Stanley reissued an "equal weight" rating and set a $200.00 target price on shares of Boeing in a report on Thursday. Sanford C. Bernstein upgraded Boeing from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. Benchmark cut their price objective 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. TD Securities cut shares of Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Finally, Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.85.

Boeing Trading Down 3.8%

Shares of NYSE:BA traded down $7.70 on Thursday, hitting $196.05. The company had a trading volume of 3,626,396 shares, compared to its average volume of 9,341,632. The stock has a market cap of $147.82 billion, a price-to-earnings ratio of -10.72 and a beta of 1.43. The stock has a 50 day moving average price of $187.71 and a 200 day moving average price of $176.42. Boeing has a 1-year low of $128.88 and a 1-year high of $218.80.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate 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. The company's revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the business earned ($1.13) earnings per share. Sell-side analysts anticipate that Boeing will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Monetary Management Group Inc. boosted 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 worth $34,000 after purchasing an additional 50 shares in the last quarter. Anchor Investment Management LLC raised its stake in Boeing by 0.9% during the 1st quarter. Anchor Investment Management LLC now owns 5,411 shares of the aircraft producer's stock worth $923,000 after buying an additional 50 shares during the period. Heritage Financial Services LLC boosted its holdings in Boeing by 4.2% in the first quarter. Heritage Financial Services LLC now owns 1,264 shares of the aircraft producer's stock worth $216,000 after acquiring an additional 51 shares in the last quarter. Wood Tarver Financial Group LLC grew its stake in Boeing by 14.3% in the first quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock valued at $75,000 after acquiring an additional 55 shares during the period. Finally, Keynote Financial Services LLC increased its holdings in shares of Boeing by 3.8% during the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock valued at $273,000 after acquiring an additional 57 shares in the last quarter. 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.