Boeing (NYSE:BA) Given a $200.00 Price Target by Morgan Stanley Analysts

Boeing (NYSE:BA) has been given a $200.00 price objective by Morgan Stanley in a research report issued on Thursday, MarketBeat Ratings reports. The firm currently has an “equal weight” rating on the aircraft producer’s stock. Morgan Stanley’s price objective would indicate a potential downside of 1.34% from the stock’s previous close.

BA has been the topic of a number of other research reports. Wells Fargo & Company restated an “underweight” rating on shares of Boeing in a research report on Thursday, May 22nd. Cowen reiterated a “buy” rating on shares of Boeing in a report on Wednesday, May 7th. Bank of America raised Boeing from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $185.00 to $260.00 in a research report on Monday, June 2nd. Sanford C. Bernstein upgraded Boeing from a “market perform” rating to an “outperform” rating and raised their target price for the company from $181.00 to $218.00 in a research note on Monday, April 28th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $240.00 price target (up from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $209.85.

Boeing Trading Up 1.2%

Shares of BA traded up $2.39 on Thursday, reaching $202.71. 3,821,536 shares of the company’s stock traded hands, compared to its average volume of 9,401,232. The stock has a market cap of $152.84 billion, a PE ratio of -11.05 and a beta of 1.43. Boeing has a 52-week low of $128.88 and a 52-week high of $218.80. The stock’s 50 day simple moving average is $188.93 and its two-hundred day simple moving average is $177.11.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. Boeing’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.13) EPS. Analysts forecast that Boeing will post -2.58 earnings per share for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Boeing

A number of institutional investors and hedge funds have recently made changes to their positions in BA. Amundi boosted its holdings in shares of Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after purchasing an additional 1,292,417 shares during the period. KKM Financial LLC boosted its stake in Boeing by 50.8% during the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer’s stock worth $2,720,000 after buying an additional 5,175 shares during the period. Wynn Capital LLC bought a new position in Boeing during the first quarter valued at $584,000. Grant Private Wealth Management Inc purchased a new stake in shares of Boeing in the fourth quarter valued at $903,000. Finally, Winslow Asset Management Inc. lifted its holdings in shares of Boeing by 8.2% in the 4th quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer’s stock worth $7,215,000 after acquiring an additional 3,096 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other 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.