Boeing Company (The) (NYSE:BA) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Wednesday. They currently have a $266.88 price objective on the aircraft producer’s stock. Vetr‘s target price suggests a potential upside of 11.59% from the stock’s current price.

A number of other analysts have also weighed in on BA. UBS AG upped their target price on shares of Boeing Company (The) from $180.00 to $253.00 and gave the stock a “neutral” rating in a report on Friday, August 4th. Royal Bank Of Canada raised shares of Boeing Company (The) from an “underperform” rating to a “sector perform” rating and upped their target price for the stock from $146.00 to $235.00 in a report on Thursday, July 27th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $274.00 target price on shares of Boeing Company (The) in a report on Friday, August 11th. Jefferies Group LLC upped their target price on shares of Boeing Company (The) to $275.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $228.87.

Boeing Company (BA) opened at 239.17 on Wednesday. The company has a market capitalization of $141.37 billion, a PE ratio of 20.95 and a beta of 1.16. The company has a 50-day moving average of $219.26 and a 200-day moving average of $190.47. Boeing Company has a 52 week low of $126.31 and a 52 week high of $246.49.

Boeing Company (The) (NYSE:BA) last posted its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. Boeing Company (The)’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.44) EPS. On average, equities research analysts anticipate that Boeing Company will post $9.95 EPS for the current year.

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In other news, SVP Heidi B. Capozzi sold 4,217 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total value of $1,018,447.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas J. Downey sold 134 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $241.20, for a total transaction of $32,320.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,468 shares of company stock valued at $20,353,814. Corporate insiders own 0.28% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Clear Perspective Advisors LLC boosted its stake in Boeing Company (The) by 31.0% in the second 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 in the last quarter. Proficio Capital Partners LLC boosted its stake in Boeing Company (The) by 181.9% in the first 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 in the last quarter. CWH Capital Management Inc. bought a new stake in Boeing Company (The) during the second quarter valued at approximately $134,000. Catamount Wealth Management bought a new stake in Boeing Company (The) during the second quarter valued at approximately $138,000. Finally, MCF Advisors LLC boosted its stake in Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after buying an additional 62 shares in the last quarter. 74.44% of the stock is owned by hedge funds and other institutional investors.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Boeing Company (The) (NYSE:BA)

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