Boeing (NYSE:BA) Given a $212.00 Price Target at The Goldman Sachs Group

Boeing (NYSE:BAGet Free Report) has been assigned a $212.00 price target by equities researchers at The Goldman Sachs Group in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the aircraft producer’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 4.56% from the company’s previous close.

BA has been the subject of a number of other reports. Wells Fargo & Company restated an “underweight” rating on shares of Boeing in a research report on Thursday, May 22nd. Sanford C. Bernstein raised shares of Boeing from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $181.00 to $218.00 in a report on Monday, April 28th. Bank of America raised Boeing from a “neutral” rating to a “buy” rating and boosted their target price for the company from $185.00 to $260.00 in a research note on Monday, June 2nd. Susquehanna restated a “positive” rating and set a $240.00 target price (up previously from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Finally, Citigroup reissued a “buy” rating on shares of Boeing in a research note on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $209.85.

Read Our Latest Research Report on BA

Boeing Stock Performance

NYSE:BA traded up $2.44 during mid-day trading on Thursday, hitting $202.76. The stock had a trading volume of 3,864,615 shares, compared to its average volume of 9,401,284. Boeing has a twelve month low of $128.88 and a twelve month high of $218.80. The stock has a market cap of $152.88 billion, a price-to-earnings ratio of -11.07 and a beta of 1.43. The company’s 50 day simple moving average is $188.93 and its 200 day simple moving average is $177.11.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same quarter last year, the firm earned ($1.13) EPS. Boeing’s revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, equities analysts forecast that Boeing will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of the firm’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president now directly owns 42,513 shares of the company’s stock, valued at $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,744 shares of company stock valued at $1,511,370. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Amundi lifted its stake in shares of Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock valued at $268,862,000 after acquiring an additional 1,292,417 shares during the last quarter. KKM Financial LLC increased its position in shares of Boeing by 50.8% in the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer’s stock valued at $2,720,000 after acquiring an additional 5,175 shares during the period. Wynn Capital LLC purchased a new stake in shares of Boeing during the first quarter worth about $584,000. Grant Private Wealth Management Inc bought a new stake in shares of Boeing in the fourth quarter worth about $903,000. Finally, Winslow Asset Management Inc. lifted its holdings in Boeing by 8.2% in the fourth quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer’s stock worth $7,215,000 after buying an additional 3,096 shares during the period. 64.82% of the stock is currently owned by institutional investors.

About Boeing

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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.

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