Boeing Company (The) (NYSE:BA) has been given a $260.00 price objective by equities research analysts at Morgan Stanley in a research note issued to investors on Thursday. The brokerage currently has a “hold” rating on the aircraft producer’s stock. Morgan Stanley’s price target points to a potential upside of 9.43% from the stock’s current price.

Other analysts have also issued reports about the company. Royal Bank Of Canada raised their target price on Boeing Company (The) from $138.00 to $146.00 and gave the company an “underperform” rating in a research note on Thursday, April 27th. Argus restated a “buy” rating and issued a $270.00 target price on shares of Boeing Company (The) in a research note on Tuesday, August 1st. Zacks Investment Research lowered Boeing Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Vetr lowered Boeing Company (The) from a “strong-buy” rating to a “buy” rating and set a $266.88 target price for the company. in a research note on Wednesday. Finally, Canaccord Genuity restated a “hold” rating and issued a $170.00 target price on shares of Boeing Company (The) in a research note on Sunday, July 9th. Two research 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $230.62.

Boeing Company (BA) traded down 0.74% on Thursday, hitting $235.84. 1,400,985 shares of the stock were exchanged. The company’s 50 day moving average price is $220.37 and its 200-day moving average price is $190.81. The company has a market cap of $139.40 billion, a P/E ratio of 20.66 and a beta of 1.16. Boeing Company has a one year low of $126.31 and a one year high of $246.49.

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

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In other news, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Heidi B. Capozzi sold 4,217 shares of Boeing Company (The) 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 disclosure for this sale can be found here. Insiders have sold a total of 83,468 shares of company stock worth $20,353,814 in the last quarter. 0.28% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Clear Perspective Advisors LLC boosted its position 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 during the period. Proficio Capital Partners LLC boosted its position 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 during the period. CWH Capital Management Inc. acquired a new position in Boeing Company (The) during the second quarter valued at $134,000. Catamount Wealth Management acquired a new position in Boeing Company (The) during the second quarter valued at $138,000. Finally, MCF Advisors LLC boosted its position 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 during the period. Institutional investors and hedge funds own 74.44% 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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