Bank of America Increases Boeing (NYSE:BA) Price Target to $200.00

Boeing (NYSE:BAFree Report) had its target price increased by Bank of America from $180.00 to $200.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a neutral rating on the aircraft producer’s stock.

A number of other research firms have also recently commented on BA. Melius Research reaffirmed a hold rating on shares of Boeing in a research report on Monday, April 1st. Royal Bank of Canada reduced their price target on Boeing from $225.00 to $215.00 and set an outperform rating for the company in a research note on Tuesday, April 16th. Argus downgraded Boeing from a buy rating to a hold rating in a report on Tuesday, April 30th. The Goldman Sachs Group dropped their price objective on shares of Boeing from $268.00 to $257.00 and set a buy rating for the company in a research note on Monday, March 25th. Finally, Susquehanna reaffirmed a positive rating and set a $230.00 target price on shares of Boeing in a report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $220.89.

Get Our Latest Analysis on Boeing

Boeing Stock Down 1.9 %

Boeing stock opened at $177.27 on Thursday. The stock has a market cap of $108.82 billion, a price-to-earnings ratio of -49.94 and a beta of 1.55. Boeing has a 12 month low of $159.70 and a 12 month high of $267.54. The business has a 50 day moving average price of $177.44 and a two-hundred day moving average price of $202.43.

Boeing (NYSE:BAGet Free Report) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. On average, analysts expect that Boeing will post -1.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boeing

A number of large investors have recently made changes to their positions in BA. Trust Co. of Vermont increased its position in shares of Boeing by 1.0% during the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after acquiring an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC grew its holdings in Boeing by 2.7% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after acquiring an additional 47 shares in the last quarter. WealthPlan Investment Management LLC raised its holdings in shares of Boeing by 1.0% in the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after purchasing an additional 49 shares in the last quarter. RB Capital Management LLC lifted its position in shares of Boeing by 2.7% in the 3rd quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after purchasing an additional 50 shares during the period. Finally, M&R Capital Management Inc. lifted its holdings in Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after buying an additional 50 shares during the period. 64.82% of the stock is currently owned by institutional investors.

About Boeing

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.