Boeing (NYSE:BA) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Boeing (NYSE:BA - Get Free Report) had its target price increased by stock analysts at Morgan Stanley from $185.00 to $200.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the aircraft producer's stock. Morgan Stanley's target price would indicate a potential downside of 2.67% from the company's current price.

Other equities analysts have also issued reports about the stock. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Citigroup upped their target price on shares of Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Susquehanna restated a "positive" rating and issued a $240.00 price target (up from $205.00) on shares of Boeing in a research report on Wednesday. Sanford C. Bernstein upgraded Boeing from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $181.00 to $218.00 in a report on Monday, April 28th. Finally, UBS Group increased their target price on Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $204.35.

Boeing Trading Down 0.4%

BA traded down $0.76 during midday trading on Friday, reaching $205.48. The company's stock had a trading volume of 4,332,891 shares, compared to its average volume of 9,186,112. The company has a fifty day simple moving average of $170.78 and a 200 day simple moving average of $168.18. The stock has a market cap of $154.93 billion, a P/E ratio of -11.22 and a beta of 1.41. Boeing has a twelve month low of $128.88 and a twelve month high of $209.66.

Boeing (NYSE:BA - Get Free Report) last announced its 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 the consensus estimate of $19.57 billion. The company's revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted ($1.13) EPS. Sell-side analysts expect that Boeing will post -2.58 earnings per share for the current year.

Insider Activity

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,263 shares of company stock valued at $1,950,150. Insiders own 0.09% of the company's stock.

Institutional Trading of Boeing

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sierra Ocean LLC bought a new position in Boeing in the 4th quarter valued at about $26,000. American National Bank & Trust lifted its stake in shares of Boeing by 474.1% in 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 during the period. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. acquired a new stake in Boeing in the fourth quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC boosted its stake in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. 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.

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