Boeing Company (The) (NYSE:BA)‘s stock had its “outperform” rating reiterated by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Wednesday. They presently have a $303.00 price objective on the aircraft producer’s stock, up from their prior price objective of $274.00. Sanford C. Bernstein’s price objective suggests a potential upside of 18.34% from the stock’s previous close. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a report on Tuesday, July 11th. ValuEngine raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cowen and Company reissued an “outperform” rating and issued a $300.00 price target (up previously from $255.00) on shares of Boeing Company (The) in a report on Monday, July 24th. Credit Suisse Group reissued a “hold” rating on shares of Boeing Company (The) in a report on Wednesday, July 19th. Finally, Vetr lowered shares of Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price target on the stock. in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. Boeing Company (The) currently has an average rating of “Buy” and a consensus target price of $240.70.

Boeing Company (NYSE:BA) opened at 256.04 on Wednesday. Boeing Company has a one year low of $128.18 and a one year high of $256.99. The stock’s 50 day moving average is $239.32 and its 200-day moving average is $202.49. The firm has a market cap of $151.34 billion, a price-to-earnings ratio of 22.43 and a beta of 1.18.

Boeing Company (The) (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.23. The business had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The company’s revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.44) EPS. On average, equities research analysts expect that Boeing Company will post $10.00 earnings per share for the current fiscal year.

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In other Boeing Company (The) news, SVP Robert E. Verbeck sold 2,522 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $244.45, for a total transaction of $616,502.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Dennis A. Muilenburg sold 56,838 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the sale, the chairman now owns 127,778 shares of the company’s stock, valued at $31,108,831.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,468 shares of company stock valued at $20,353,814. 0.28% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its stake in shares of Boeing Company (The) by 7,215.0% in the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after acquiring an additional 4,852,679 shares during the period. Harbour Capital Advisors LLC grew its stake in shares of Boeing Company (The) by 18,613.5% in the second quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock worth $6,787,000 after acquiring an additional 1,334,957 shares during the period. AQR Capital Management LLC grew its stake in shares of Boeing Company (The) by 66.5% in the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock worth $464,732,000 after acquiring an additional 1,049,546 shares during the period. Koch Industries Inc. grew its stake in shares of Boeing Company (The) by 61,128.7% in the second quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock worth $846,000 after acquiring an additional 848,467 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Boeing Company (The) by 63.7% in the second quarter. Principal Financial Group Inc. now owns 1,442,748 shares of the aircraft producer’s stock worth $285,303,000 after acquiring an additional 561,343 shares during the period. Institutional investors and hedge funds own 72.17% of the company’s stock.

Boeing Company (The) Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

Analyst Recommendations for Boeing Company (The) (NYSE:BA)

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