Boeing (NYSE:BA) Price Target Raised to $217.00 at UBS Group

Boeing (NYSE:BA) had its target price lifted by UBS Group from $208.00 to $217.00 in a research note published on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the aircraft producer’s stock.

Other research analysts also recently issued reports about the company. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research note on Tuesday, October 15th. Susquehanna dropped their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. Robert W. Baird cut their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Benchmark restated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Stock Down 2.1 %

Shares of Boeing stock opened at $174.03 on Wednesday. The stock has a market cap of $107.58 billion, a PE ratio of -13.49 and a beta of 1.52. The business has a fifty day simple moving average of $167.68 and a 200 day simple moving average of $164.19. Boeing has a 12 month low of $137.03 and a 12 month high of $214.63.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the company posted ($0.47) earnings per share. Analysts expect that Boeing will post -16.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Boeing

Large investors have recently made changes to their positions in the business. Sugar Maple Asset Management LLC purchased a new position in Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing in the third quarter worth approximately $28,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the fourth quarter valued at about $28,000. Cedar Wealth Management LLC bought a new position in shares of Boeing during the third quarter valued at approximately $30,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Boeing in the 4th quarter valued at $33,000. 64.82% of the stock is currently owned by hedge funds and other 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.