Boeing (NYSE:BA) Price Target Raised to $282.00 at Sanford C. Bernstein

Boeing (NYSE:BA) had its target price upped by Sanford C. Bernstein from $249.00 to $282.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the aircraft producer’s stock.

A number of other equities research analysts have also recently issued reports on the company. Susquehanna reiterated a “positive” rating and set a $270.00 price objective on shares of Boeing in a research note on Monday, September 15th. Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Jefferies Financial Group set a $255.00 price objective on Boeing in a research note on Tuesday. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and upped their price objective for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. Finally, Redburn Atlantic upgraded Boeing from a “hold” rating to a “strong-buy” rating and upped their price objective for the stock from $180.00 to $275.00 in a research note on Friday, June 27th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $233.91.

Boeing Stock Performance

NYSE BA opened at $217.12 on Thursday. The stock has a market capitalization of $164.18 billion, a price-to-earnings ratio of -13.15 and a beta of 1.47. The stock’s 50 day moving average price is $225.39 and its two-hundred day moving average price is $204.38. Boeing has a 52 week low of $128.88 and a 52 week high of $242.69.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. The business’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter last year, the firm earned ($2.90) EPS. On average, equities research analysts forecast that Boeing will post -2.58 EPS for the current year.

Insider Activity

In other Boeing news, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the purchase, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the sale, the executive vice president directly owned 35,873 shares in the company, valued at $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Boeing

A number of hedge funds have recently made changes to their positions in BA. Revolve Wealth Partners LLC bought a new position in shares of Boeing during the fourth quarter worth about $201,000. Merit Financial Group LLC increased its holdings in Boeing by 9.1% in the first quarter. Merit Financial Group LLC now owns 18,511 shares of the aircraft producer’s stock worth $3,157,000 after purchasing an additional 1,551 shares in the last quarter. ST Germain D J Co. Inc. increased its holdings in Boeing by 9.4% in the first quarter. ST Germain D J Co. Inc. now owns 1,624 shares of the aircraft producer’s stock worth $277,000 after purchasing an additional 140 shares in the last quarter. HBW Advisory Services LLC increased its holdings in Boeing by 4.3% in the first quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer’s stock worth $266,000 after purchasing an additional 64 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Boeing by 17.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 5,188 shares of the aircraft producer’s stock worth $885,000 after purchasing an additional 769 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Company Profile

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.