Boeing Company (The) (NYSE:BA)‘s stock had its “buy” rating reissued by equities researchers at Cowen and Company in a research report issued on Friday. They presently have a $315.00 target price on the aircraft producer’s stock. Cowen and Company’s price target would suggest a potential upside of 23.03% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. TheStreet upgraded shares of Boeing Company (The) from a “c+” rating to a “b” rating in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price objective on the stock in a report on Tuesday, July 11th. Jefferies Group LLC upped their price objective on shares of Boeing Company (The) from $200.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 10th. ValuEngine upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Vetr upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $206.38 price objective on the stock in a report on Thursday, June 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. Boeing Company (The) has an average rating of “Buy” and a consensus target price of $241.32.

Boeing Company (BA) traded up 0.20% during mid-day trading on Friday, reaching $256.55. 2,174,937 shares of the company’s stock traded hands. The firm has a 50 day moving average of $239.32 and a 200 day moving average of $202.49. Boeing Company has a 1-year low of $128.18 and a 1-year high of $259.30. The firm has a market cap of $151.64 billion, a PE ratio of 22.48 and a beta of 1.18.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The firm had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. During the same period in the prior year, the firm posted ($0.44) earnings per share. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. Analysts forecast that Boeing Company will post $10.00 EPS for the current year.

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In related news, SVP Thomas J. Downey sold 134 shares of the firm’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory D. Smith sold 19,757 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $245.42, for a total transaction of $4,848,762.94. Following the completion of the transaction, the chief financial officer now owns 152,195 shares of the company’s stock, valued at approximately $37,351,696.90. The disclosure for this sale can be found here. Insiders sold 83,468 shares of company stock valued at $20,353,814 in the last three months. Company insiders own 0.28% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clear Perspective Advisors LLC raised its holdings in Boeing Company (The) by 31.0% in the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after buying an additional 135 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in Boeing Company (The) by 181.9% in the 1st quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after buying an additional 402 shares during the last quarter. Vantage Investment Advisors LLC raised its holdings in Boeing Company (The) by 11.1% in the 2nd quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after buying an additional 84 shares during the last quarter. MCF Advisors LLC raised its holdings in Boeing Company (The) by 9.5% in the 1st quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after buying an additional 62 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in Boeing Company (The) by 16.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 72.17% of the company’s stock.

Boeing Company (The) Company Profile

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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