Equities research analysts at Sterne Agee lifted their price target on shares of Boeing (NYSE: BA) from $87.00 to $100.00 in a research note issued to investors on Wednesday.

The analysts wrote, “Last night, the FAA approved the certification plan for the redesigned 787 battery system that includes components to minimize initiation of a short circuit, better insulation of the cells and a new containment and venting system. Additionally, Ryanair is set to place an order for ~200 737NGs valued at ~$8 billion, cementing the production bridge to 737 MAX in 2017. We are raising our price target on BA by $13 to $100, 14x P/E multiple for 2014E or based on only 10x FCF per share multiple.”

A number of other firms have also recently commented on BA. Analysts at BB&T Capital Mkts upgraded shares of Boeing from an “underweight” rating to a “hold” rating in a research note to investors on Wednesday. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Boeing in a research note to investors on Wednesday. They now have a $100.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Boeing from $85.00 to $100.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock.

Eighteen investment analysts have rated the stock with a buy rating, one has given an overweight rating, five have given a hold rating, one has issued an underweight rating, and one has issued a sell rating to the stock. The company has an average rating of “overweight” and an average target price of $88.25.

Boeing traded up 0.70% on Wednesday, hitting $84.75. Boeing has a 52-week low of $66.82 and a 52-week high of $84.62. The stock’s 50-day moving average is currently $76.46. The company has a market cap of $64.085 billion and a price-to-earnings ratio of 16.48.

Boeing last issued its quarterly earnings data on Wednesday, January 30th. The company reported $1.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.10. The company had revenue of $22.30 billion for the quarter, compared to the consensus estimate of $22.24 billion. During the same quarter last year, the company posted $1.32 earnings per share. Boeing’s revenue was up 14.0% compared to the same quarter last year. Boeing has set its FY13 guidance at $5.00-5.20 EPS. On average, analysts predict that Boeing will post $6.39 earnings per share for the current fiscal year.

The Boeing Company (Boeing) is an aerospace company. The Company operates in five segments: Commercial Airplanes, Boeing Military Aircraft (BMA), Network & Space Systems (N&SS), Global Services & Support (GS&S) and Boeing Capital Corporation (BCC).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.