Boeing (NYSE:BA) Price Target Lowered to $111.00 at Wells Fargo & Company

Boeing (NYSE:BA - Get Free Report) had its target price cut by Wells Fargo & Company from $113.00 to $111.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "underweight" rating on the aircraft producer's stock. Wells Fargo & Company's price target points to a potential downside of 31.42% from the stock's current price.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, January 2nd. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Citigroup boosted their target price on shares of Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Finally, Susquehanna boosted their price objective 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. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Boeing presently has an average rating of "Moderate Buy" and a consensus price target of $198.95.

Boeing Stock Up 3.4 %

Shares of BA stock traded up $5.37 during mid-day trading on Tuesday, reaching $161.84. The company's stock had a trading volume of 9,213,706 shares, compared to its average volume of 9,054,624. The company's 50 day simple moving average is $166.41 and its 200-day simple moving average is $164.03. Boeing has a 12-month low of $128.88 and a 12-month high of $196.95. The firm has a market capitalization of $121.39 billion, a PE ratio of -8.83 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the business earned ($0.47) EPS. As a group, research analysts anticipate that Boeing will post -2.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.09% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Wolf Group Capital Advisors bought a new stake in shares of Boeing during the 1st quarter worth $369,000. Cornerstone Wealth Management LLC grew its position in shares of Boeing by 5.5% in the first quarter. Cornerstone Wealth Management LLC now owns 15,496 shares of the aircraft producer's stock valued at $2,643,000 after purchasing an additional 811 shares during the last quarter. Clarius Group LLC increased its stake in shares of Boeing by 15.7% in the first quarter. Clarius Group LLC now owns 3,603 shares of the aircraft producer's stock worth $615,000 after purchasing an additional 488 shares during the period. CENTRAL TRUST Co boosted its stake in Boeing by 12.7% during the 1st quarter. CENTRAL TRUST Co now owns 37,607 shares of the aircraft producer's stock valued at $6,414,000 after purchasing an additional 4,241 shares during the period. Finally, Rakuten Securities Inc. grew its holdings in Boeing by 103.3% in the 1st quarter. Rakuten Securities Inc. now owns 14,968 shares of the aircraft producer's stock valued at $2,553,000 after buying an additional 7,606 shares during 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.