Boeing Company (The) (BA) PT Raised to $280.00 at Deutsche Bank AG

Boeing Company (The) (NYSE:BA) had its price target hoisted by research analysts at Deutsche Bank AG from $225.00 to $280.00 in a research report issued on Thursday, July 27th. The firm currently has a “buy” rating on the aircraft producer’s stock. Deutsche Bank AG’s price target would indicate a potential upside of 17.07% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Vetr upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $183.96 price target for the company in a report on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $134.00 target price on shares of Boeing Company (The) in a report on Thursday, April 27th. Zacks Investment Research upgraded Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 target price for the company in a report on Tuesday, July 11th. Barclays PLC raised their target price on Boeing Company (The) from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, May 22nd. Finally, Gabelli restated a “buy” rating on shares of Boeing Company (The) in a report on Friday, April 7th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $228.87.

Shares of Boeing Company (NYSE:BA) traded down 0.58% during mid-day trading on Thursday, hitting $237.79. 1,576,816 shares of the stock were exchanged. The stock has a market cap of $140.55 billion, a price-to-earnings ratio of 20.83 and a beta of 1.16. Boeing Company has a 12 month low of $126.31 and a 12 month high of $246.49. The company has a 50-day moving average price of $219.26 and a 200-day moving average price of $190.47.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.23. The business had revenue of $22.74 billion during the quarter, compared to analysts’ expectations of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The company’s revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.44) EPS. Equities analysts expect that Boeing Company will post $9.95 earnings per share for the current year.

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In other Boeing Company (The) news, SVP Robert E. Verbeck sold 2,522 shares of Boeing Company (The) stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $244.45, for a total value of $616,502.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The disclosure for this sale can be found here. Insiders sold a total of 83,468 shares of company stock worth $20,353,814 over the last quarter. Company insiders own 0.28% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Cigna Investments Inc. New acquired a new stake in Boeing Company (The) during the fourth quarter worth $3,339,000. CHURCHILL MANAGEMENT Corp increased its stake in Boeing Company (The) by 100.7% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 38,289 shares of the aircraft producer’s stock worth $6,772,000 after buying an additional 19,213 shares during the period. American National Bank increased its stake in Boeing Company (The) by 30.6% in the first quarter. American National Bank now owns 28,410 shares of the aircraft producer’s stock worth $5,025,000 after buying an additional 6,661 shares during the period. Sonata Capital Group Inc. increased its stake in Boeing Company (The) by 0.3% in the first quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock worth $884,000 after buying an additional 16 shares during the period. Finally, Cypress Wealth Advisors LLC acquired a new stake in Boeing Company (The) during the fourth quarter worth $268,000. Hedge funds and other institutional investors own 74.44% of the company’s stock.

About Boeing Company (The)

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

Analyst Recommendations for Boeing Company (The) (NYSE:BA)

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