Boeing (NYSE:BA) had its price target upped by research analysts at Wells Fargo from $365.00 to $370.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “market perform” rating on the aircraft producer’s stock. Wells Fargo’s target price points to a potential upside of 8.54% from the company’s previous close.

Other analysts have also issued reports about the company. Jefferies Group reissued a “buy” rating and issued a $339.00 price objective on shares of Boeing in a report on Monday, January 8th. Credit Suisse Group reissued an “outperform” rating and issued a $375.00 price objective (up from $310.00) on shares of Boeing in a report on Friday, January 12th. They noted that the move was a valuation call. Morgan Stanley reissued an “equal weight” rating and issued a $373.00 price objective (up from $340.00) on shares of Boeing in a report on Friday, February 23rd. Vetr lowered Boeing from a “strong-buy” rating to a “buy” rating and set a $386.80 price objective on the stock. in a report on Thursday, March 8th. Finally, ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Seven analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Boeing currently has a consensus rating of “Buy” and an average price target of $374.03.

Boeing stock opened at $340.88 on Thursday. The stock has a market cap of $199,702.94, a P/E ratio of 28.31, a P/E/G ratio of 1.72 and a beta of 1.39. Boeing has a 52 week low of $175.47 and a 52 week high of $371.60. The company has a current ratio of 1.15, a quick ratio of 0.37 and a debt-to-equity ratio of 8.07.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 25th. The aircraft producer reported $3.64 EPS for the quarter, topping the consensus estimate of $2.59 by $1.05. The firm had revenue of $23.38 billion for the quarter, compared to analyst estimates of $22.22 billion. Boeing had a return on equity of 3,774.27% and a net margin of 9.63%. Boeing’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $2.01 earnings per share. research analysts anticipate that Boeing will post 14.51 earnings per share for the current fiscal year.

In related news, CFO Gregory D. Smith sold 36,079 shares of Boeing stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BA. Beach Investment Management LLC. purchased a new position in Boeing during the second quarter worth approximately $429,000. Hanseatic Management Services Inc. purchased a new position in Boeing during the second quarter worth approximately $637,000. Old West Investment Management LLC purchased a new position in Boeing during the second quarter worth approximately $254,000. W.G. Shaheen & Associates DBA Whitney & Co lifted its position in Boeing by 0.4% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 27,409 shares of the aircraft producer’s stock worth $5,420,000 after buying an additional 100 shares in the last quarter. Finally, Suntrust Banks Inc. lifted its position in Boeing by 5.0% during the second quarter. Suntrust Banks Inc. now owns 109,641 shares of the aircraft producer’s stock worth $21,679,000 after buying an additional 5,219 shares in the last quarter. Hedge funds and other institutional investors own 70.78% of the company’s stock.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Analyst Recommendations for Boeing (NYSE:BA)

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