Wells Fargo & Company Issues Positive Forecast for Boeing (NYSE:BA) Stock Price

Boeing (NYSE:BA) had its target price lifted by Wells Fargo & Company from $103.00 to $113.00 in a report released on Monday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the aircraft producer’s stock.

A number of other research firms also recently weighed in on BA. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. StockNews.com raised Boeing to a “sell” rating in a research note on Wednesday, March 12th. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.68.

Boeing Trading Up 0.1 %

Shares of NYSE BA opened at $162.04 on Monday. Boeing has a one year low of $137.03 and a one year high of $196.95. The firm has a market capitalization of $121.54 billion, a PE ratio of -8.84 and a beta of 1.53. The business has a 50-day moving average price of $173.05 and a two-hundred day moving average price of $163.49.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 period in the previous year, the business posted ($0.47) earnings per share. Research analysts anticipate that Boeing will post -2.58 EPS for the current year.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Boeing

A number of institutional investors and hedge funds have recently made changes to their positions in BA. Assetmark Inc. raised its position in shares of Boeing by 65.2% during the third quarter. Assetmark Inc. now owns 1,057 shares of the aircraft producer’s stock worth $161,000 after acquiring an additional 417 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Boeing by 3.5% during the third quarter. Empowered Funds LLC now owns 15,006 shares of the aircraft producer’s stock worth $2,282,000 after purchasing an additional 505 shares during the period. Claro Advisors LLC grew its stake in shares of Boeing by 203.2% during the third quarter. Claro Advisors LLC now owns 4,585 shares of the aircraft producer’s stock worth $697,000 after purchasing an additional 3,073 shares during the period. Aljian Capital Management LLC acquired a new stake in shares of Boeing during the third quarter worth $256,000. Finally, First Western Trust Bank acquired a new stake in shares of Boeing during the third quarter worth $261,000. Institutional investors 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.