Boeing (NYSE:BA) Price Target Cut to $111.00 by Analysts at Wells Fargo & Company

Boeing (NYSE:BA) had its price target decreased by Wells Fargo & Company from $113.00 to $111.00 in a research report released on Tuesday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the aircraft producer’s stock.

BA has been the topic of several other reports. Citigroup lifted their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Susquehanna increased their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upped their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.00.

Boeing Trading Down 2.3 %

BA opened at $155.61 on Tuesday. The company has a fifty day simple moving average of $167.65 and a 200 day simple moving average of $163.96. The firm has a market cap of $116.72 billion, a price-to-earnings ratio of -8.49 and a beta of 1.24. Boeing has a twelve month low of $128.88 and a twelve month high of $196.95.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the business earned ($0.47) EPS. On average, analysts forecast that Boeing will post -2.58 earnings per share for the current fiscal year.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by insiders.

Institutional Trading of Boeing

Large investors have recently added to or reduced their stakes in the business. Sierra Ocean LLC purchased a new position in Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $27,000. American National Bank & Trust lifted its position in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after acquiring an additional 128 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in Boeing during the fourth quarter worth about $28,000. Finally, HighMark Wealth Management LLC boosted its stake in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after buying an additional 90 shares during the period. 64.82% of the stock is currently owned by institutional investors.

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.