Boeing (NYSE:BA) Price Target Raised to $226.00 at UBS Group

UBS Group has raised Boeing's target price from $207.00 to $226.00, maintaining a "buy" rating, indicating a potential upside of 16.18%. Other firms, including Citigroup and JPMorgan, have also increased their price targets for Boeing, reflecting a generally positive outlook. Boeing's stock recently traded at $194.53, with a consensus rating of "Moderate Buy" and a target price of $201.85. The company reported a quarterly EPS of ($0.49), beating estimates, and a revenue increase of 17.7% year-over-year.

Boeing (NYSE:BA - Get Free Report) had its target price upped by research analysts at UBS Group from $207.00 to $226.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the aircraft producer's stock. UBS Group's price objective suggests a potential upside of 16.18% from the company's previous close.

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Several other research firms also recently commented on BA. Citigroup raised their price target on shares of Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. JPMorgan Chase & Co. raised their price objective on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Melius Research set a $204.00 target price on Boeing in a report on Monday, March 24th. Finally, Sanford C. Bernstein upgraded Boeing from a "market perform" rating to an "outperform" rating and raised their price target for the company from $181.00 to $218.00 in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and a consensus target price of $201.85.

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Boeing Stock Performance

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NYSE BA traded up $2.83 during trading on Friday, hitting $194.53. The stock had a trading volume of 7,650,250 shares, compared to its average volume of 9,060,369. The stock has a market capitalization of $146.68 billion, a price-to-earnings ratio of -10.62 and a beta of 1.41. The stock has a 50 day simple moving average of $166.31 and a 200 day simple moving average of $166.60. Boeing has a one year low of $128.88 and a one year high of $196.95.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. During the same quarter in the previous year, the firm earned ($1.13) EPS. Boeing's revenue was up 17.7% compared to the same quarter last year. On average, sell-side analysts predict that Boeing will post -2.58 EPS for the current year.

Insider Activity at Boeing

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In other news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company's stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the transaction, the executive vice president now owns 42,513 shares of the company's stock, valued at $7,950,356.13. This trade represents a 8.40 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Boeing

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wood Tarver Financial Group LLC increased its stake in shares of Boeing by 14.3% in the first quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock valued at $75,000 after buying an additional 55 shares during the period. Keynote Financial Services LLC lifted its position in shares of Boeing by 3.8% in the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after purchasing an additional 57 shares during the period. Signature Wealth Management Partners LLC boosted its stake in shares of Boeing by 2.0% in the 1st quarter. Signature Wealth Management Partners LLC now owns 2,888 shares of the aircraft producer's stock valued at $493,000 after purchasing an additional 57 shares during the last quarter. Chaney Capital Management Inc. increased its position in shares of Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock worth $508,000 after buying an additional 58 shares during the period. Finally, Byrne Financial Freedom LLC raised its stake in Boeing by 3.0% during the first quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock worth $340,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

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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