Boeing (NYSE:BA) Stock Price Expected to Rise, UBS Group Analyst Says

Boeing (NYSE:BA) had its price target upped by analysts at UBS Group from $208.00 to $217.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the aircraft producer’s stock. UBS Group’s price target would indicate a potential upside of 20.91% from the company’s current price.

Several other research firms also recently commented on BA. Citigroup decreased their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company lifted their price target on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday. Susquehanna decreased their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. Morgan Stanley decreased their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Finally, Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Two 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Boeing Trading Up 3.3 %

Shares of NYSE BA opened at $179.47 on Wednesday. The stock’s 50-day moving average is $168.24 and its 200 day moving average is $164.26. The stock has a market cap of $110.95 billion, a price-to-earnings ratio of -13.91 and a beta of 1.52. Boeing has a 1-year low of $137.03 and a 1-year high of $214.63.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the firm earned ($0.47) EPS. On average, analysts forecast that Boeing will post -16.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Chaney Capital Management Inc. boosted its holdings in shares of Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after buying an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in shares of Boeing by 0.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after buying an additional 59 shares in the last quarter. Center for Financial Planning Inc. boosted its holdings in shares of Boeing by 12.0% during the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock valued at $99,000 after buying an additional 60 shares in the last quarter. Beacon Capital Management LLC boosted its holdings in shares of Boeing by 4.0% during the 4th quarter. Beacon Capital Management LLC now owns 1,709 shares of the aircraft producer’s stock valued at $302,000 after buying an additional 65 shares in the last quarter. Finally, Sterneck Capital Management LLC boosted its holdings in shares of Boeing by 2.3% during the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after buying an additional 66 shares in the last quarter. 64.82% of the stock is 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.