Out of 11 analysts covering Boeing (NYSE:BA), 5 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 45% are positive. $180 is the highest target while $125 is the lowest. The $153.67 average target is 19.74% above today’s ($128.34) stock price. Boeing has been the topic of 18 analyst reports since September 17, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock on April 28 with “Sector Perform” rating. Below is a list of Boeing Co (NYSE:BA) latest ratings and price target changes.
28/04/2016 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $128.00 New Target: $132.00 Maintain
23/06/2016 Broker: Morgan Stanley Rating: Overweight New Target: $153.00 Initiate
28/04/2016 Broker: Argus Research Rating: Buy Old Target: $140.00 New Target: $155.00 Maintain
20/04/2016 Broker: Bank of America Old Rating: Neutral New Rating: Underperform Downgrade
About 3.04M shares traded hands or 4.47% up from the average. Boeing Co (NYSE:BA) has risen 8.91% since February 8, 2016 and is uptrending. It has underperformed by 7.57% the S&P500.
The Boeing Company is an aerospace firm. The company has a market cap of $81.05 billion. The Firm operates in five divisions: Commercial airplanes; Defense, Space & Security business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). It has a 23.57 P/E ratio. The Company’s Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
The institutional sentiment decreased to 0.71 in 2016 Q2. Its down 0.24, from 0.95 in 2016Q1. The ratio is negative, as 88 funds sold all Boeing Co shares owned while 523 reduced positions. 59 funds bought stakes while 373 increased positions. They now own 456.77 million shares or 9.02% less from 502.06 million shares in 2016Q1.
Evercore Trust Company N.A. holds 17.35% of its portfolio in Boeing Co for 41.79 million shares. Ruffer Llp owns 1.61 million shares or 9.45% of their US portfolio. Moreover, Levy Harkins & Co Inc has 7.95% invested in the company for 135,341 shares. The Missouri-based Plancorp Llc has invested 6.74% in the stock. Hengistbury Investment Partners Llp, a United Kingdom-based fund reported 248,500 shares.
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