Canaccord Genuity reaffirmed their hold rating on shares of Boeing Company (The) (NYSE:BA) in a report released on Thursday. Canaccord Genuity currently has a $235.00 price target on the aircraft producer’s stock.

A number of other equities analysts have also weighed in on BA. Cowen and Company reiterated an outperform rating and set a $215.00 target price on shares of Boeing Company (The) in a research note on Tuesday, June 13th. Vetr lowered Boeing Company (The) from a buy rating to a hold rating and set a $202.94 target price on the stock. in a research note on Thursday, June 15th. Morgan Stanley reiterated an equal weight rating and set a $218.00 target price (up previously from $192.00) on shares of Boeing Company (The) in a research note on Thursday, June 22nd. Royal Bank Of Canada reiterated a sell rating and set a $146.00 target price on shares of Boeing Company (The) in a research note on Friday, July 7th. Finally, Jefferies Group LLC increased their target price on Boeing Company (The) from $200.00 to $230.00 and gave the stock a buy rating in a research note on Monday, July 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $241.21.

Shares of Boeing Company (NYSE BA) opened at 258.58 on Thursday. The firm has a market cap of $152.84 billion, a price-to-earnings ratio of 22.65 and a beta of 1.21. Boeing Company has a one year low of $131.39 and a one year high of $259.30. The stock’s 50 day moving average price is $246.17 and its 200 day moving average price is $209.22.

Boeing Company (The) (NYSE:BA) last announced its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. The company had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.44) earnings per share. On average, equities analysts anticipate that Boeing Company will post $10.01 earnings per share for the current fiscal year.

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In other Boeing Company (The) news, Chairman Dennis A. Muilenburg sold 56,838 shares of Boeing Company (The) stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the transaction, the chairman now directly owns 127,778 shares of the company’s stock, valued at approximately $31,108,831.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas J. Downey sold 134 shares of Boeing Company (The) stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $241.20, for a total value of $32,320.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,468 shares of company stock worth $20,353,814. 0.28% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Riverpoint Wealth Management Holdings LLC lifted its holdings in Boeing Company (The) by 0.3% during the 2nd quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock worth $293,000 after buying an additional 4 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Boeing Company (The) by 0.3% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock worth $421,000 after buying an additional 6 shares during the period. Accredited Investors Inc. lifted its holdings in Boeing Company (The) by 0.4% during the 2nd quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock worth $325,000 after buying an additional 6 shares during the period. GWM Advisors LLC lifted its holdings in Boeing Company (The) by 0.6% during the 1st quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock worth $233,000 after buying an additional 8 shares during the period. Finally, Silicon Valley Capital Partners lifted its holdings in Boeing Company (The) by 0.7% during the 2nd quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock worth $245,000 after buying an additional 9 shares during the period. 72.17% of the stock is currently owned by hedge funds and other institutional investors.

About Boeing Company (The)

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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