Canaccord Genuity reiterated their hold rating on shares of Boeing Co (NYSE:BA) in a research report report published on Friday. The brokerage currently has a $162.00 price objective on the aircraft producer’s stock.

BA has been the subject of a number of other reports. Vetr cut Boeing from a hold rating to a sell rating and set a $150.88 price target for the company. in a report on Tuesday, December 20th. Robert W. Baird reaffirmed an outperform rating and set a $182.00 price target on shares of Boeing in a report on Friday, January 20th. Barclays PLC reaffirmed an overweight rating and set a $175.00 price target on shares of Boeing in a report on Sunday, January 29th. Morgan Stanley cut Boeing from an overweight rating to an equal weight rating and raised their price target for the company from $185.00 to $190.00 in a report on Monday, March 13th. They noted that the move was a valuation call. Finally, Argus raised their price target on Boeing to $185.00 and gave the company a buy rating in a report on Wednesday, December 14th. Seven investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $159.08.

Analyst Recommendations for Boeing (NYSE:BA)

Shares of Boeing (NYSE:BA) traded down 0.42% during midday trading on Friday, hitting $179.34. The stock had a trading volume of 1,039,457 shares. Boeing has a one year low of $122.35 and a one year high of $185.71. The firm’s 50-day moving average price is $173.49 and its 200-day moving average price is $152.07. The firm has a market capitalization of $109.84 billion, a PE ratio of 23.57 and a beta of 1.08.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 25th. The aircraft producer reported $2.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.34 by $0.13. Boeing had a return on equity of 239.48% and a net margin of 5.18%. The firm earned $23.30 billion during the quarter, compared to analysts’ expectations of $23.25 billion. During the same period last year, the firm posted $1.60 EPS. The business’s revenue was down 1.2% on a year-over-year basis. On average, equities analysts predict that Boeing will post $9.30 EPS for the current year.

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In other Boeing news, SVP Thomas J. Downey sold 1,000 shares of Boeing stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $163.93, for a total transaction of $163,930.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP J Michael Luttig sold 102,080 shares of Boeing stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $166.76, for a total value of $17,022,860.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,827 shares of company stock worth $34,170,203. Corporate insiders own 0.58% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cable Hill Partners LLC raised its position in Boeing by 0.5% in the third quarter. Cable Hill Partners LLC now owns 1,674 shares of the aircraft producer’s stock valued at $225,000 after buying an additional 8 shares in the last quarter. Bangor Savings Bank raised its position in Boeing by 0.6% in the third quarter. Bangor Savings Bank now owns 2,221 shares of the aircraft producer’s stock valued at $292,000 after buying an additional 14 shares in the last quarter. Accredited Investors Inc. raised its position in Boeing by 0.7% in the third quarter. Accredited Investors Inc. now owns 2,034 shares of the aircraft producer’s stock valued at $268,000 after buying an additional 14 shares in the last quarter. Stillwater Investment Management LLC raised its position in Boeing by 0.8% in the third quarter. Stillwater Investment Management LLC now owns 1,965 shares of the aircraft producer’s stock valued at $259,000 after buying an additional 16 shares in the last quarter. Finally, LLBH Private Wealth Management LLC raised its position in Boeing by 0.3% in the third quarter. LLBH Private Wealth Management LLC now owns 7,234 shares of the aircraft producer’s stock valued at $953,000 after buying an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Boeing 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.

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