Boeing (NYSE:BA – Free Report) had its price objective hoisted by Citigroup from $220.00 to $270.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the aircraft producer’s stock.

Several other brokerages also recently weighed in on BA. UBS Group increased their price target on Boeing from $207.00 to $226.00 and gave the stock a “buy” rating in a report on Friday, May 9th. TD Securities downgraded Boeing to a “cautious” rating in a report on Thursday, May 22nd. Melius Research set a $204.00 price target on Boeing in a report on Monday, March 24th. Sanford C. Bernstein raised Boeing from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $181.00 to $218.00 in a report on Monday, April 28th. Finally, Cowen reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.59.

Get Our Latest Stock Analysis on BA

Boeing Trading Up 1.7%

BA stock opened at $230.66 on Monday. The company has a market capitalization of $173.92 billion, a P/E ratio of -12.87 and a beta of 1.41. Boeing has a twelve month low of $128.88 and a twelve month high of $233.04. The business has a 50 day simple moving average of $207.02 and a 200-day simple moving average of $183.35.

Boeing (NYSE:BA – Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. Boeing’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.13) earnings per share. Research analysts predict that Boeing will post -2.58 EPS for the current fiscal year.

Insider Activity

In other news, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the transaction, the executive vice president owned 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock worth $1,511,370 over the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BA. Vanguard Group Inc. increased its position in shares of Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock valued at $11,406,361,000 after buying an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC raised its stake in Boeing by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new position in Boeing in the 4th quarter valued at about $568,000. Alyeska Investment Group L.P. purchased a new position in Boeing in the 4th quarter valued at about $526,889,000. Finally, Zimmer Partners LP acquired a new stake in shares of Boeing during the 4th quarter worth about $393,736,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Company Profile

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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.

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