JPMorgan Chase & Co. Raises Boeing (NYSE:BA) Price Target to $200.00

Boeing (NYSE:BA) had its price target boosted by stock analysts at JPMorgan Chase & Co. from $190.00 to $200.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the aircraft producer’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 11.44% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, October 15th. Wells Fargo & Company increased their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday. Susquehanna increased their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday. Finally, Robert W. Baird cut their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Boeing Price Performance

Shares of NYSE BA opened at $179.47 on Wednesday. The stock has a fifty day moving average price of $168.24 and a 200 day moving average price of $164.26. Boeing has a 1-year low of $137.03 and a 1-year high of $214.63. The company has a market cap of $110.95 billion, a PE ratio of -13.91 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) earnings per share. Analysts anticipate that Boeing will post -16.39 earnings per share for the current fiscal year.

Institutional Trading of Boeing

A number of large investors have recently made changes to their positions in the stock. Valmark Advisers Inc. boosted its stake in shares of Boeing by 9.2% during the fourth quarter. Valmark Advisers Inc. now owns 3,427 shares of the aircraft producer’s stock valued at $607,000 after acquiring an additional 288 shares during the last quarter. MOKAN Wealth Management Inc. acquired a new stake in shares of Boeing during the fourth quarter valued at $222,000. Blue Zone Wealth Advisors LLC boosted its stake in shares of Boeing by 0.8% during the fourth quarter. Blue Zone Wealth Advisors LLC now owns 21,564 shares of the aircraft producer’s stock valued at $3,817,000 after acquiring an additional 169 shares during the last quarter. Lee Financial Co acquired a new stake in shares of Boeing during the fourth quarter valued at $222,000. Finally, Secured Retirement Advisors LLC acquired a new stake in Boeing in the 4th quarter worth about $696,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

About Boeing

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.