Boeing (NYSE:BA) Upgraded at Sanford C. Bernstein

Boeing (NYSE:BA - Get Free Report) was upgraded by Sanford C. Bernstein from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The brokerage presently has a $218.00 price target on the aircraft producer's stock. Sanford C. Bernstein's price objective would indicate a potential upside of 22.52% from the stock's current price.

BA has been the topic of a number of other reports. Melius Research set a $204.00 price objective on Boeing in a research report on Monday, March 24th. Wells Fargo & Company restated an "underweight" rating and set a $140.00 price target (up previously from $111.00) on shares of Boeing in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Morgan Stanley upped their target price on Boeing from $175.00 to $185.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, UBS Group upped their target price on Boeing from $190.00 to $207.00 and gave the company a "buy" rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and a consensus price target of $200.90.

Boeing Stock Performance

Shares of BA stock opened at $177.92 on Monday. The business's 50 day moving average price is $164.87 and its 200-day moving average price is $164.82. The firm has a market cap of $134.15 billion, a P/E ratio of -9.71 and a beta of 1.24. Boeing has a fifty-two week low of $128.88 and a fifty-two week high of $196.95.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. As a group, equities analysts predict that Boeing will post -2.58 EPS for the current year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

Institutional Trading of Boeing

A number of large investors have recently made changes to their positions in BA. Vanguard Group Inc. increased its position in Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after buying an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after buying an additional 3,452,075 shares during the period. Northern Trust Corp increased its stake in shares of Boeing by 33.6% in the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after buying an additional 1,634,231 shares during the period. Fisher Asset Management LLC boosted its position in Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock valued at $890,469,000 after acquiring an additional 164,042 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Boeing by 30.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock valued at $739,585,000 after acquiring an additional 981,796 shares during the period. Institutional investors own 64.82% of the company's stock.

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.

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