Boeing Company (The) (NYSE:BA) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Friday. They currently have a $267.03 price target on the aircraft producer’s stock. Vetr‘s price objective would suggest a potential upside of 3.27% from the stock’s current price.

Several other research firms also recently commented on BA. Canaccord Genuity reissued a “hold” rating and set a $215.00 target price (up from $200.00) on shares of Boeing Company (The) in a research report on Sunday, July 30th. Argus reaffirmed a “buy” rating and issued a $270.00 price target on shares of Boeing Company (The) in a research report on Tuesday, August 1st. Buckingham Research raised Boeing Company (The) from an “underperform” rating to a “neutral” rating in a research report on Friday, July 28th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Boeing Company (The) in a research report on Monday, July 10th. Finally, Bank of America Corporation raised Boeing Company (The) from an “underperform” rating to a “neutral” rating and raised their price target for the company from $150.00 to $225.00 in a research report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $241.21.

Boeing Company (NYSE:BA) opened at 258.58 on Friday. Boeing Company has a 12-month low of $131.39 and a 12-month high of $259.30. The firm has a market capitalization of $152.84 billion, a PE ratio of 22.65 and a beta of 1.21. The stock has a 50 day moving average price of $246.17 and a 200-day moving average price of $209.22.

Boeing Company (The) (NYSE:BA) last posted its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.23. The firm had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.44) earnings per share. On average, equities research analysts forecast that Boeing Company will post $10.01 EPS for the current year.

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In other news, SVP Thomas J. Downey sold 134 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the transaction, the chairman now owns 127,778 shares in the company, valued at $31,108,831.88. The disclosure for this sale can be found here. Insiders have sold a total of 83,468 shares of company stock worth $20,353,814 over the last three months. Insiders own 0.28% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Clear Perspective Advisors LLC grew its stake 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 grew its stake 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. CWH Capital Management Inc. acquired a new position in Boeing Company (The) in the 2nd quarter valued at about $134,000. Catamount Wealth Management acquired a new position in Boeing Company (The) in the 2nd quarter valued at about $138,000. Finally, MCF Advisors LLC grew its stake 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. Institutional investors 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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