UBS Group Increases Boeing (NYSE:BA) Price Target to $217.00

Boeing (NYSE:BA) had its price objective increased by stock analysts at UBS Group from $208.00 to $217.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the aircraft producer’s stock. UBS Group’s price target suggests a potential upside of 23.67% from the stock’s previous close.

A number of other research analysts have also recently weighed in on BA. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. Morgan Stanley reduced their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Finally, TD Cowen dropped their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $194.21.

Boeing Stock Down 1.3 %

NYSE:BA traded down $2.31 during midday trading on Wednesday, hitting $175.47. The company had a trading volume of 1,397,414 shares, compared to its average volume of 8,381,928. The stock’s fifty day moving average price is $167.68 and its 200-day moving average price is $164.19. The company has a market capitalization of $108.48 billion, a PE ratio of -13.60 and a beta of 1.52. Boeing has a 52-week low of $137.03 and a 52-week high of $214.63.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) EPS. As a group, research analysts forecast that Boeing will post -16.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BA. Chaney Capital Management Inc. lifted its holdings in shares of Boeing by 2.1% in the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after purchasing an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock worth $1,878,000 after purchasing an additional 59 shares during the period. Sterneck Capital Management LLC boosted its holdings in Boeing by 2.3% in the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after acquiring an additional 66 shares during the last quarter. Peoples Financial Services CORP. grew its holdings in shares of Boeing by 0.8% during the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after purchasing an additional 67 shares during the period. Finally, GSG Advisors LLC increased its position in shares of Boeing by 4.7% in the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock worth $264,000 after acquiring an additional 67 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

About Boeing

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.