Boeing (NYSE:BA) Given a $263.00 Price Target at UBS Group

Boeing (NYSE:BA – Get Rating) received a $263.00 price target from research analysts at UBS Group in a note issued to investors on Thursday, Borsen Zeitung reports. UBS Group’s price target suggests a potential upside of 70.27% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Susquehanna Bancshares lowered their price objective on shares of Boeing from $243.00 to $193.00 in a research note on Thursday. Jefferies Financial Group set a $270.00 price objective on shares of Boeing in a report on Wednesday, March 9th. The Goldman Sachs Group set a $300.00 price objective on shares of Boeing and gave the company a “buy” rating in a report on Wednesday, January 26th. JPMorgan Chase & Co. lowered their target price on Boeing from $235.00 to $190.00 in a research report on Thursday. Finally, StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a research report on Wednesday, April 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Boeing presently has a consensus rating of “Buy” and an average price target of $233.52.

Shares of NYSE BA opened at $154.46 on Thursday. Boeing has a 52 week low of $146.00 and a 52 week high of $258.40. The firm’s fifty day moving average is $185.72 and its 200 day moving average is $201.78. The company has a market cap of $91.19 billion, a price-to-earnings ratio of -21.66, a PEG ratio of 14.00 and a beta of 1.40.

Boeing (NYSE:BA – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The aircraft producer reported ($2.75) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($2.50). The business had revenue of $13.99 billion for the quarter, compared to analyst estimates of $15.90 billion. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.53) earnings per share. As a group, equities analysts predict that Boeing will post 3.23 EPS for the current year.

In related news, Director Steven M. Mollenkopf bought 480 shares of the company’s stock in a transaction on Tuesday, February 1st. The stock was bought at an average cost of $208.39 per share, for a total transaction of $100,027.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lawrence W. Kellner purchased 5,000 shares of the firm’s stock in a transaction dated Monday, February 14th. The stock was acquired at an average cost of $208.91 per share, for a total transaction of $1,044,550.00. The disclosure for this purchase can be found here. 0.11% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Buckley Wealth Management LLC increased its holdings in shares of Boeing by 1.7% during the third quarter. Buckley Wealth Management LLC now owns 2,691 shares of the aircraft producer’s stock valued at $592,000 after purchasing an additional 45 shares during the period. Charter Oak Capital Management LLC increased its holdings in shares of Boeing by 3.4% during the third quarter. Charter Oak Capital Management LLC now owns 1,430 shares of the aircraft producer’s stock valued at $315,000 after purchasing an additional 47 shares during the period. Bridge Creek Capital Management LLC grew its holdings in Boeing by 2.7% during the third quarter. Bridge Creek Capital Management LLC now owns 1,928 shares of the aircraft producer’s stock worth $424,000 after acquiring an additional 50 shares during the period. All Terrain Financial Advisors LLC grew its holdings in Boeing by 5.4% during the third quarter. All Terrain Financial Advisors LLC now owns 975 shares of the aircraft producer’s stock worth $214,000 after acquiring an additional 50 shares during the period. Finally, Karn Couzens & Associates Inc. grew its holdings in Boeing by 3.4% during the fourth quarter. Karn Couzens & Associates Inc. now owns 1,534 shares of the aircraft producer’s stock worth $309,000 after acquiring an additional 50 shares during the period. 54.00% of the stock is currently owned by institutional investors and hedge funds.

Boeing Company Profile (Get Rating)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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