Boeing (NYSE:BA) Stock Price Expected to Rise, UBS Group Analyst Says

Boeing (NYSE:BA - Free Report) had its target price raised by UBS Group from $190.00 to $207.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the aircraft producer's stock.

Several other analysts have also commented on BA. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $140.00 price objective (up previously from $111.00) on shares of Boeing in a report on Wednesday. StockNews.com upgraded Boeing to a "sell" rating in a research note on Saturday, April 5th. Susquehanna increased their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $198.45.

Boeing Trading Up 0.9 %

NYSE:BA traded up $1.66 during mid-day trading on Thursday, reaching $177.92. The company's stock had a trading volume of 7,635,951 shares, compared to its average volume of 9,059,394. The stock has a market cap of $133.46 billion, a P/E ratio of -9.71 and a beta of 1.24. The firm's fifty day moving average price is $164.87 and its two-hundred day moving average price is $164.69. Boeing has a 12-month low of $128.88 and a 12-month high of $196.95.

Boeing (NYSE:BA - Get Free Report) last released 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 company had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. Analysts predict that Boeing will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Boeing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JNBA Financial Advisors boosted its position in shares of Boeing by 29.2% during the 1st quarter. JNBA Financial Advisors now owns 620 shares of the aircraft producer's stock valued at $106,000 after acquiring an additional 140 shares during the last quarter. Mather Group LLC. raised its stake in Boeing by 60.6% during the first quarter. Mather Group LLC. now owns 4,561 shares of the aircraft producer's stock valued at $778,000 after purchasing an additional 1,721 shares in the last quarter. Smith Salley Wealth Management bought a new position in Boeing during the first quarter valued at $207,000. Beaton Management Co. Inc. grew its stake in shares of Boeing by 0.9% in the 1st quarter. Beaton Management Co. Inc. now owns 8,284 shares of the aircraft producer's stock worth $1,413,000 after buying an additional 75 shares in the last quarter. Finally, G&S Capital LLC bought a new stake in shares of Boeing in the 1st quarter worth about $1,141,000. 64.82% of the stock is owned by institutional investors.

About Boeing

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.