Cowen and Company restated their buy rating on shares of Boeing Company (The) (NYSE:BA) in a research report sent to investors on Friday. They currently have a $315.00 price objective on the aircraft producer’s stock.

A number of other analysts also recently issued reports on BA. Vetr downgraded shares of Boeing Company (The) from a buy rating to a hold rating and set a $202.94 price objective for the company. in a report on Thursday, June 15th. Morgan Stanley restated an equal weight rating and set a $218.00 price objective (up previously from $192.00) on shares of Boeing Company (The) in a report on Thursday, June 22nd. Royal Bank Of Canada restated a sell rating and set a $146.00 price objective on shares of Boeing Company (The) in a report on Friday, July 7th. Canaccord Genuity restated a hold rating and set a $170.00 price objective on shares of Boeing Company (The) in a report on Sunday, July 9th. Finally, Jefferies Group LLC raised their price objective on shares of Boeing Company (The) from $200.00 to $230.00 and gave the stock a buy rating in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $241.21.

Shares of Boeing Company (BA) opened at 258.39 on Friday. Boeing Company has a one year low of $131.39 and a one year high of $259.30. The company’s 50 day moving average is $246.82 and its 200 day moving average is $210.28. The company has a market cap of $152.73 billion, a P/E ratio of 22.64 and a beta of 1.21.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings data 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. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business had revenue of $22.74 billion during the quarter, compared to the consensus estimate of $22.97 billion. During the same quarter last year, the company posted ($0.44) earnings per share. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities analysts predict that Boeing Company will post $10.02 earnings per share for the current year.

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In related news, SVP Robert E. Verbeck sold 2,522 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $244.45, for a total value of $616,502.90. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Heidi B. Capozzi sold 4,217 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $241.51, for a total transaction of $1,018,447.67. The disclosure for this sale can be found here. Insiders sold 83,468 shares of company stock worth $20,353,814 over the last ninety days. 0.28% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. Clear Perspective Advisors LLC raised its stake in shares of Boeing Company (The) by 31.0% during the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after acquiring an additional 135 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Boeing Company (The) by 181.9% during the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after acquiring an additional 402 shares in the last quarter. CWH Capital Management Inc. purchased a new position in shares of Boeing Company (The) during the second quarter worth approximately $134,000. Catamount Wealth Management purchased a new position in shares of Boeing Company (The) during the second quarter worth approximately $138,000. Finally, MCF Advisors LLC raised its stake in shares of Boeing Company (The) by 9.5% during the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after acquiring an additional 62 shares in the last quarter. 72.17% of the stock is currently owned by hedge funds and other institutional investors.

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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